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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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Wednesday, 23 April 14
KOMIPO INVITES BIDS FOR LOW VOLATILE BITUMINOUS COAL
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 90,000 Metric Tons (MT) of low volatile bit ...
Tuesday, 22 April 14
INDONESIAN MARCH COAL EXPORT VOLUME SURGE 9.12% TO 35.54 MMT
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.9 ...
Tuesday, 22 April 14
NEWCASTLE WEEKLY COAL EXPORTS FELL 13.33% THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 21 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Monday, 21 April 14
Q1'15 SUB-BIT FOB INDONESIA COAL SWAP SHOWING A POSITIVE TREND
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Monday, 21 April 14
Q4 2014 AND Q1 2015 COAL SWAPS CLOSED MARGINALLY HIGHER COMPARED TO Q2 PRICES
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 0.87 percent month on month and closed at US$ 76.15 per mt as ...
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- Parliament of New Zealand
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- The University of Queensland
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
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