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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, 11 August 14
INDONESIAN THERMAL COAL SWAPS SEEING SOME POSITIVE TREND
COALspot.com: Indonesian coal swaps for average September 2014 increased US$ 0.20 (+0.36%) day on day and US$ 1.30 (+2.41%) per mt week on week. Th ...
Monday, 11 August 14
SGX CFR SOUTH CHINA COAL SWAPS DIRECTION HEADING TO NORTH
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.50 (+0.74%) day on day and US$ 1.55 (+2.33%)&nbs ...
Monday, 11 August 14
A TALE OF TWO TRADES - EVA TZIMA
COALspot.com: It has without a doubt been “a cruel, cruel summer” for the Dry Bulk market so far and with second hand values still stan ...
Sunday, 10 August 14
FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com: This week the BDI and other segments saw some improvements. The BDI increased by 3.46 pct week on week and closed at 777 points.
...
Friday, 08 August 14
MINING DISPUTE IS CRIPPLING LOCAL ECONOMIES IN EASTERN INDONESIA - JG
- By Iwan Harsono -
It seems as if there’s no end in sight to the series of negotiations between the government and mining companies about ...
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Showing 3551 to 3555 news of total 6871 |
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- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
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