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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, 02 April 15
NEWBUILDING ORDERS FOR DRY BULK CARRIERS "DRY" UP
Newbuilding ordering activity remained subdued over the course of the past week, as ship owners are wary of adding further tonnage to an already pr ...
Wednesday, 01 April 15
SUPRAMAX & HANDY: RATES HELD STEADY TOWARDS THE WEEKEND
“Despite the fact that the Dry Bulk market closed off on the green last week, sentiment didn't improve by any means, not only because of ...
Wednesday, 01 April 15
WEEKLY SHIPPING MARKET UPDATE - INTERMODAL
There is no doubt that we are still witnessing a very challenging and at the same time very uncertain market, both with respect to dry chartering a ...
Wednesday, 01 April 15
Q4' 15 INDONESIA COAL SWAP CLOSED AT $45.15 W/E 27 MARCH 2015
COALspot.com: Indonesian coal swap for delivery Q2' 2015 drops month on month and week over week.
The Q2 swap declined US$ 1.54 (3.24%) mo ...
Tuesday, 31 March 15
RICHARDS BAY COAL SWAPS GAIN WEEK OVER WEEK
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month but increased week on week.
The Q2 swap has ...
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- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
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- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
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- Intertek Mineral Services - Indonesia
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- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
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- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
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- White Energy Company Limited
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- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
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- Indian Energy Exchange, India
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- Directorate General of MIneral and Coal - Indonesia
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- ICICI Bank Limited - India
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- Therma Luzon, Inc, Philippines
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- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Australian Coal Association
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- Chamber of Mines of South Africa
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- Electricity Authority, New Zealand
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- Indian Oil Corporation Limited
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- Planning Commission, India
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- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
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- Thiess Contractors Indonesia
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- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
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- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
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- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
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- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
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- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
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- Central Java Power - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
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- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
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- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
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- Samtan Co., Ltd - South Korea
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- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
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- Metalloyd Limited - United Kingdom
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