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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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Tuesday, 30 December 14
INDIA INC TO BENEFIT AS IMPORTED COAL PRICES SET TO FALL - RAHUL PRITHIANI
The Hindu: India‘s coal import volumes are set to rise by over 30 per cent over the next two years to 214 million tonnes in 2015-16, as domes ...
Tuesday, 30 December 14
U.S WEEKLY COAL PRODUCTION ALMOST FLAT AT -0.2%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Monday, 29 December 14
CHINESE COAL IMPORTS: REGULATORY RISKS? - CLARKSONS
In recent years, Chinese seaborne coal imports have surged, registering average growth of 67% p.a. between 2009 and 2013 to total 265mt. However, t ...
Monday, 29 December 14
BULK MARKET ENDS YEAR ON SOUR NOTE, SHIPBROKER SEES 'BUMPY ROAD AHEAD' - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2014 was supposed to be the year that the dry bulk market would stage a comeback and a sustainable one for that matter. However, while for the most ...
Monday, 29 December 14
Q1'15 CFR SOUTH CHINA COAL SWAP CLOSED AT $59.42
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.51 (-5.58%) month over month and US$ 0.08 (-0.13%) ...
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- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Planning Commission, India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- PTC India Limited - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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