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Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
 Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Terminal appears to have reached resolution, with an agreement to be ratified shortly, participants said on Thursday.
At the heart of the dispute was the allocation of limited coal deliveries for the Phase 5 expansion, which lifts RBCT’s export capacity to 91 million tonnes a year. However, the rail utility, Transnet Freight Rail, has capacity for just 65 million tonnes and any allocation to newcomers would have to come out of existing members tonnages.
Existing members of RBCT had to give up a portion of their rail allocation to ensure the producers earmarked to use Phase 5 could get coal to the port, a process which proved difficult to conclude. It is one that had to be reached though to ensure black economic empowerment miners had access to relatively lucrative export markets.
“The settlement is a compromise on the part of both parties and like all good compromises neither party is particularly happy,” said Trevor McGiddy, CEO of SDCT, which has spent R480m towards the R1.2bn Phase 5 expansion that adds 15 million tonnes to annual RBCT capacity.
At full export capacity of 91 million tonnes, the SDCT group, which comprises Exxaro Resources, E/Enterprises and Anker Coal, would have an allocation of six million tonnes out of the 15 million tonnes, which would enable them to recoup their investment in the expansion.
“Of course TFR is not at that 91 million tonnes level so our allocation in the short term until they get there is dependent on their performance,” McGiddy said.
If TFR manages to rail 65 million tonnes, the allocation to the participants in Phase 5 would be around four million tonnes, of which SDCT would have 1.75 million tonnes. “We’ve all had to bite the bullet on this one,” McGiddy said. “The financial model looks significantly different from when we first started the project.”
TFR railed 61 million tonnes in 2009 and expectations it will lift this to 65 million tonnes this year.
Work has progressed on TFR raising haulage capacity to 85 million tonnes as the first step towards reaching 91 million tonnes. “There is a strong cooperation between the coal industry and TFR,” he said.
The industry hope is that TFR will reach that 85 million tonnes level within four years.
Raymond Chirwa, CEO of RBCT, said in a recent presentation that of the 91 million tonnes, BEE companies would have a dedicated allocation of nearly 29 million tonnes or 32%.
The Phase 5 expansion, which is about a year behind schedule, will be commissioned on 1 May 2010.
Chirwa told Miningmx all the issues that had delayed the commissioning, including computer control systems, had been resolved and the expansion was good to go.
Source: Miningmx
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Thursday, 11 June 15
IS COAL INDUSTRY GOING TO HIT A BRICK WALL?
COALspot.com - The Director General of Mineral and Coal of Indonesia revised down Indonesian coal benchmark price once again to US$ 59.59 per MT fo ...
Wednesday, 10 June 15
TANKER MARKET INSIGHT - STELIOS KOLLINTZAS
As we go through the end of the 2nd quarter of the year it is evident that the tanker shipping markets have been rewarding and definitely been show ...
Wednesday, 10 June 15
WORLD COAL MARKET HEADING TO NEW EQUILIBRIUM: MINISTER - JAKARTA POST
Energy and Mineral Resources Minister Sudirman Said has said the world’s coal market is heading towards a new balance, which will make Indone ...
Wednesday, 10 June 15
FOB INDONESIA COAL SWAP ROSE W-O-W AND M-O-M
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains month on month and week over week, this past week.
The Q3 swap was climbed by $ ...
Tuesday, 09 June 15
GLOBALCOAL IMPLEMENTS VOLUMETRIC SIZE LIMITS IN RICHARDS BAY MARKET
COALspot.com: globalCOAL today announced that following recent market consultation, it will limit bids, offers and trades in the fixed price Phys R ...
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- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
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