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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, 30 May 14
US COAL PRODUCTION RELATIVELY FLAT WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 18.6 million short tons (mmst) of coal in a ...
Thursday, 29 May 14
PEABODY ENERGY CHAIRMAN RECEIVES WCA AWARD
The World Coal Association has presented Gregory H. Boyce, Chairman and Chief Executive Officer of Peabody Energy (NYSE: BTU), with the 2014 Chairm ...
Thursday, 29 May 14
HANDY : THE SUPRAS ARE BEING TRADED AROUND 13K FOR SHORTER UPTO 1 YEAR PERIOD
Handy
The week started off with bank holidays in London and very little happening. This trend has continued and we believe it will continue into ...
Wednesday, 28 May 14
THE DRY BULK MARKET REMAINED UNDER PRESSURE - INTERMODAL
COALspot.com: The Dry Bulk market remained under pressure during this past week, with all indices pointing down compared to the previous Friday. Th ...
Tuesday, 27 May 14
PORT OF NEWCASTLE SHIPPED 19.13% LESS COAL THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 26 May 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, ...
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- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- GMR Energy Limited - India
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- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
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- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
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- Bhoruka Overseas - Indonesia
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- Bukit Baiduri Energy - Indonesia
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- Heidelberg Cement - Germany
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- Aditya Birla Group - India
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- Bukit Makmur.PT - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Rashtriya Ispat Nigam Limited - India
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- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
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- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
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- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
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- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
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- Orica Australia Pty. Ltd.
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- Minerals Council of Australia
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- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
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- SMC Global Power, Philippines
- White Energy Company Limited
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- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
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- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
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- Chamber of Mines of South Africa
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- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
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- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
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- Indian Energy Exchange, India
- Bangladesh Power Developement Board
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- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
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- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
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- The Treasury - Australian Government
- Singapore Mercantile Exchange
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- Indika Energy - Indonesia
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