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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, 30 January 15
U.S. YEAR-TO-DATE COAL PRODUCTION REACHED 65.7 MMST
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.9 million short tons (mmst) of coal ...
Friday, 30 January 15
CAN BULKER CONVERSIONS SPOIL THE TANKER MARKET'S PARTY? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Oversupply of tonnage has always been in the back of the head of ship owners when it comes to taking advantage of favorable market conditions. As s ...
Thursday, 29 January 15
CHINA ENERGY DEMAND MUST BE REVIEWED DUE TO FUNDAMENTAL ECONOMIC CHANGES - WOOD MACKENZIE
New patterns emerging as energy demand growth decoupled significantly from GDP growth for the first time in 2014
Wood Mackenzie says 2014 was ...
Thursday, 29 January 15
CAPE MARKET IS STILL STRUGGLING WITH LOW DEMAND AND LOW COMMODITY PRICES
Handy
Supramax rates are heading south with slipping rates all across the block. USG activity is slow with mid-week levels in the mid 8.000s, Fea ...
Wednesday, 28 January 15
MARKET INSIGHT - STELIOS KOLLINTZAS
With most traders having returned to action from year end festivities, we have already seen signs of activity in the specialized product markets. L ...
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- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Posco Energy - South Korea
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
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