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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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Friday, 20 February 15
U.S. PRODUCED AROUND 19.2 MILLION SHORT TONS OF COAL WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.2 million short tons (mmst) of coal ...
Thursday, 19 February 15
PANAMAX: NOPAC AND AUSSIE ROUNDS ARE DONE IN LOW/MID $ 4000; TRIPS VIA INDONESIA TO INDIA CLOSER TO THE $5000 MARK - FEARNLEYS
Handy
The handy and supra market has not seen any firming rates in front of the Chinese New Year and still suffering on low activity in both hemi ...
Wednesday, 18 February 15
DRY BULK SHIPPING TO RECOVER IN LATE 2015 - DREWRY MARITIME RESEARCH
Strong trade growth, moderating fleet development and deployment of new fuel efficient vessels are expected to lead to a recovery in dry bulk shipp ...
Tuesday, 17 February 15
WHO PAYS THE SUEZ CANAL FEES? - INCE & CO
KNOWLEDGE TO ELEVATE
This was an appeal from an arbitration award on a point of construction in relation to the wording of an addendum to a ch ...
Tuesday, 17 February 15
BUOYANT WAVES IN RECENT YEARS: GLOBAL SHIP INVESTMENT SINCE THE CRASH - HELLENIC SHIPPING NEWS
Anxiety about fleet expansion is a recurring feature of world shipping markets. Within the global maritime community, worries about the vast amount ...
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- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Australian Coal Association
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- PTC India Limited - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Posco Energy - South Korea
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