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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, 10 October 14
INDONESIA TO DEVELOP DOWNSTREAM COAL INDUSTRY - JP
The government is planning to launch a program to develop the downstream coal industry to increase the commodity’s added value, an official h ...
Friday, 10 October 14
U.S. PRODUCED 83.2 MMST OF COAL IN SEPTEMBER, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.6 million short tons (mmst) of coal in ...
Thursday, 09 October 14
CAPESIZE MARKET HAS CONTINUED TO SHOW WEAKNESS - FEARNLEYS
Handy
We mentioned last week that after several weeks of rate increase for the Supras, the bigger Panamaxes started to snap up better paying Supr ...
Thursday, 09 October 14
SHIPPING REMAINS CHALLENGED AS GLOBAL GROWTH DISAPPOINTS - BIMCO
The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. ...
Wednesday, 08 October 14
CAPES RATE FOR THE W. AUSTRALIA TO CHINA VOYAGE MOVED TO BELOW $8/MT - INTERMODAL
The Dry Bulk market remained under pressure last week, with rates for Capes remaining on the red while those for Panamaxes managed to outperform th ...
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- Larsen & Toubro Limited - India
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- Central Electricity Authority - India
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- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Parliament of New Zealand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
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- Electricity Authority, New Zealand
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- Wood Mackenzie - Singapore
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- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
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- Deloitte Consulting - India
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- Energy Link Ltd, New Zealand
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- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
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- Thai Mozambique Logistica
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
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- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
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- Samtan Co., Ltd - South Korea
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- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
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- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
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- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
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- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
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- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
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