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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, 09 February 15
Q2' CFR SOUTH CHINA COAL SWAP DECLINED 3.28% TO $ 56.92 W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 1.93 (-3.28%) per MT month over month and US$ 0.10 (-0 ...
Sunday, 08 February 15
BDI FELL CONTINUOUSLY HIT A THREE DECADES LOW
COALspot.com: This week Baltic Exchange Dry Freight Index (BDI) fell continuously hit a three decades low.
The BDI continuously fell and was d ...
Friday, 06 February 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 1.1% FROM LAST WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 20.1 million short tons (mmst) of coal ...
Friday, 06 February 15
SHIP DAMAGED BY FIRE CAUSED BY PIRATES FOUND TO BE CONSTRUCTIVE TOTAL LOSS - TAYLOR WESSING
KNOWLEDGE TO ELEVATE
The High Court was asked to determine a number of preliminary issues, including whether a vessel was a constructive total ...
Thursday, 05 February 15
BDI HAS NOW FALLEN A LEVEL CLOSE TO THE INDEX'S HISTORIC LOW - INTERMODAL
They say a picture is worth a thousand words and in this instance just one look at the tables above is enough to understand the great pressure the ...
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- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
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