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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, 27 October 14
CFR SOUTH CHINA COAL SWAPS PERFORMED POSITIVE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 1.68 (-2.55%) month over month and increased US$ 0.87 (+1.3 ...
Sunday, 26 October 14
CAPE'S STRONG PERFORMANCE PUSHES BDI INDEX UPWARDS
COALspot.com: The BDI was up by 26.27 pct and closed at 1192 points week and week. The Cape size performance has pushed up BDI and Cape size index ...
Friday, 24 October 14
WEEKLY U.S COAL PRODUCTION DOWN 2.7% FOR THE WEEK ENDING OCTOBER 18
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.7 million short tons (mmst) of coal in ...
Thursday, 23 October 14
THE BEARS, HOWEVER, STILL CRY; FOR HOW LONG WILL IT LAST? - FEARNLEYS
Handy
"We experience a typical oversupply of ships in the Atlantic which causing rates to slide. In the USG it is just enough cargoes to kee ...
Wednesday, 22 October 14
MARKET INSIGHT - THEODORE NTALAKOS, INTERMODAL
ECO designs - revisited
The ECO vessels are already here but the oil and bunker prices are plummeting to their cheapest level since 2010. Is this ...
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- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- London Commodity Brokers - England
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
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