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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, 07 March 14
INDONESIA TO PRODUCE 421 MMT OF COAL IN 2014
Coalspot.com: Indonesia finally agreed to increased 2014 coal output by as much as 6 percent to 421 million metric tons from its previous plan, a se ...
Friday, 07 March 14
US PRODUCED 19.4 MMST OF COAL IN PAST 7 DAYS, SAYS EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.4 million short tons (mmst) of coal in ...
Thursday, 06 March 14
PANAMAX MARKET IS STRUGGLING IN BOTH HEMISPHERES - FEARNRESEARCH
Handy
The Handy/Supra market experienced a rate increase in the Pacific. The activity itself is not too big, but spot tonnage is clearing up and ow ...
Wednesday, 05 March 14
THE BIG BULKERS HAVE IN FACT WITNESSED SIGNIFICANT IMPROVEMENTS IN BOTH BASINS
The BDI continues to gain back some of the lost ground, although in reality there isn't a lot to celebrate abou ...
Wednesday, 05 March 14
LEAVE IT TO CAPES TO CHANGE THE DIRECTION OF THE DRY BULK MARKET - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable+)
Leave it to Capes to change the direction of the Dry Bulk market. The big bulkers managed to drag the BDI ...
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- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Marubeni Corporation - India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
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