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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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Monday, 11 May 15
API 5 FOB NEWCASTLE COAL SWAP; INCREASED M-O-M; DECLINED W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.62 per MT (1.41%) month over month and lost US$ 0.88 week on w ...
Monday, 11 May 15
CFR SOUTH CHINA COAL SWAP: DECLINED MOM AND WOW
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.46 (-0.90%) per MT month over month and US$ 0.28 (0. ...
Monday, 11 May 15
KOREA MIDLAND POWER INVITES BIDS FOR 140K MT OF 4600 NAR COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued a new tender to buy total 140,000 Metric Tons (MT) of Sub-bitumi ...
Sunday, 10 May 15
FREIGHT RATES TO REMAIN SOFT NEXT WEEK
COALspot.com: The freight market was flat to soft week over week except for the Cape Index which was up 7.32%. Cape index was closed at 616 p ...
Friday, 08 May 15
BUSIEST CAPESIZE DEMOLITION MARKET EVER - BIMCO
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.
The dry bulk market has long suffered f ...
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- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- The University of Queensland
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Central Java Power - Indonesia
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