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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, 25 April 14
US PRODUCED APPROXIMATELY 19 MILLION SHORT TONS OF COAL IN A WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Friday, 25 April 14
2ND MYANMAR ELECTRIC POWER CONVENTION 2014 IS THE GATEWAY TO MYANMAR POWER INDUSTRY!
Press Release: 2nd Myanmar Electric Power Convention (MEPC) 2014 is scheduled on 21-23 October, 2014 at Traders Hotel in Yangon, Myanmar. MEPC o ...
Friday, 25 April 14
DRY BULK MARKET LOOKING FOR NEW TRACTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market seems to have gained its footing after the past few dissapointing weeks, during which the Baltic Dry Index (BDI) shedded mos ...
Thursday, 24 April 14
HANDY : A FLOW OF FRESH REQUIREMENTS LIFTING THE PACIFIC SLOWLY TO US$ 10-11 K BSS SINGAPORE FOR COAL ROUNDS
Handy
There is still no place to hide in the Atlantic for the smaller but flexible sizes. Slow and weak seems to be the headlines, although th ...
Wednesday, 23 April 14
EUROPE WOULD BE HARD PRESSED TO REPLACE RUSSIAN GAS, FITCH RATINGS SAYS
A ban on Russian gas imports to the EU would cause substantial disruption to Europe's economy and industry, Fitch Ratings says. In the immed ...
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- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- The University of Queensland
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
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