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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, 26 May 14
SUB-BIT FOB INDO COAL SWAP Q1' 15 DELIVERIES CLOSED AT US$ 59.40 PER MT
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 26 May 14
Q3 14 CFR SOUTH CHINA COAL SWAPS LOST 2.24% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 2.24 percent month on month and closed at US$ 73.88 per mt as on F ...
Monday, 26 May 14
NEWBUILDING ORDERING ACTIVITY RISES BY 78% IN DWT TONNAGE OVER THE FIRST 4 MONTHS OF THE YEARS, AS OWNERS INVEST$40.5 BN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have plunged into newbuilding orders during the first four months of the year, as overall newbuilding business ended for the first four ...
Sunday, 25 May 14
FREIGHT RATES FROM SOUTH KALIMANTAN TO EAST COAST INDIAN PORTS WERE ASSESSED AT $9.50/MT
COALspot.com: The BDI was closed at 964 points down by 6.13 pct week on week. The Cape Index was lost 172 points or 11.24% week on week and closing ...
Saturday, 24 May 14
DRY BULK MARKET'S RECOVERY IS JUST AROUND THE CORNER SAYS SHIPOWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the weaker than expected market sentiment in the dry bulk market over the course of the past few months, analysts and shipowners alike appe ...
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- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Planning Commission, India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- White Energy Company Limited
- London Commodity Brokers - England
- CNBM International Corporation - China
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
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