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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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Wednesday, 22 October 14
CAPESIZE MARKET REMAINED UNDER PRESSURE
COALspot.com: The Dry Bulk market closed on the red for yet another week although following Friday sentiment has started to improve on the back of ...
Tuesday, 21 October 14
INDIA'S DIESEL DEREGULATION POSITIVE FOR OIL COMPANIES - FITCH
The Indian government's 18 October decision to deregulate diesel prices will have a positive effect on the national oil marketing companies tha ...
Tuesday, 21 October 14
LOW DEMAND PUTTING COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost on day, week and month.
The swap has lost US$ 1.57 (-3.04%) month on month ...
Monday, 20 October 14
CHINA'S ENVIRONMENTAL POLICIES DO NOT SPELL THE END FOR COAL - WOOD MACKENZIE
China's environmental policies do not spell the end for coal Analysis across energy commodities show coal still accounting for 64% of power mix ...
Monday, 20 October 14
CFR SOUTH CHINA COAL SWAPS FAILED TO PERFORM POSITIVE
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 3.04 (-4.57%) month over month and US$ 1.75 (-2.68%) week o ...
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- VISA Power Limited - India
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- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
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- Xindia Steels Limited - India
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- Deloitte Consulting - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
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- London Commodity Brokers - England
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- MS Steel International - UAE
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- Eastern Coal Council - USA
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- Australian Commodity Traders Exchange
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- Sical Logistics Limited - India
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- The Treasury - Australian Government
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- Global Green Power PLC Corporation, Philippines
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- Intertek Mineral Services - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
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- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
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- Petrochimia International Co. Ltd.- Taiwan
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- Mintek Dendrill Indonesia
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- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- PTC India Limited - India
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
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- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
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- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
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- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Australian Coal Association
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- Larsen & Toubro Limited - India
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- Siam City Cement PLC, Thailand
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