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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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Thursday, 26 June 14
COAL DIVESTMENT CAMPAIGNS COME WITH RISKY UNINTENDED CONSEQUENCES - WCA
Last week I presented to the Expert Group on investments in coal and petroleum companies, the body set up to advise the Norwegian Government on whe ...
Wednesday, 25 June 14
INDONESIAN COAL EXPORTS ON RISE; EARNINGS FALL ON LOWER SELLING PRICES
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.84* ...
Wednesday, 25 June 14
THE PANAMAX MARKET REACHED FRESH LOWS FOR THE YEAR, SAYS INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a slight decrease, but this image of stability is merely representative of freight rat ...
Wednesday, 25 June 14
SHIPPING: MARKET INSIGHT - YANNIS OLZIERSKY
During his recent visit in London, China's Premier, Li Keqiang, announced that China's economy, the world's second largest after the US ...
Tuesday, 24 June 14
INDONESIAN COAL MINER TARGETS RP 313 BILLION IPO
COALspot.com: Indonesian coal miner PT Mitrabara Adiperdana is aiming to raise up to Rp 313 billion to Rp 368 billion (approximately $26.133 millio ...
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- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
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