We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 09 March 15
CHINA'S IMPORTS - NEVER MORE IMPORTANT TO SHIPPING? - CLARKSONS
Over the last 15 years China has led maritime forecasters a right old dance. In 2002, rumours that Chinese iron ore imports were about to take off ...
Sunday, 08 March 15
FREIGHT RATES FROM INDONESIA TO INDIA IS TRENDING UP
COALspot.com: The freight market continued to see gains this week and all the indices were rose except for Cape index. The BDI was increased 4.62 p ...
Friday, 06 March 15
BALTIC DRY INDEX: IS THIS POWERFUL INDICATOR SIGNALING A GLOBAL RECESSION? - STREET AUTHORITY
Although memories of the Great Recession linger, a case can be made that better days lie ahead.
That’s because central banks around the ...
Friday, 06 March 15
U.S. WEEKLY COAL PRODUCTION ROSE 3.5% WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.1 million short tons (mmst) of coal ...
Thursday, 05 March 15
PANAMAX : THE ATLANTIC ROUND IS NOW PAYING AROUND US$ 5K PER DAY
COALspot.com: Handy - The activity in the handy/supra segment is back. “ We see more fresh cargo in the market for 2nd half March dates ...
|
|
|
Showing 3156 to 3160 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Mercator Lines Limited - India
|
| |
| |
|
