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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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Tuesday, 25 February 14
SGX'S MONTHLY VOLUMES DRASTICALLY INCREASED AND REACHED A RECORD OF 810K TONNES YEAR-ON-YEAR
COALspot.com: SGX Thermal Coal derivatives started the new year with record volumes in January on the back of higher volatility, says SGX.
Accord ...
Monday, 24 February 14
DRY BULK MARKET TO IMPROVE OVER THE COURSE OF 2014, BUT OVERSUPPLY STILL AN ISSUE SAYS BIMCO'S CHIEF SHIPPING ANALYST
As a gruelling first quarter edges closer to the end, dry bulk ship owners are looking at an improved second quarter demand, which, coupled with slo ...
Monday, 24 February 14
INDONESIAN SUB-BITUMINOUS COAL SWAP FOR DELIVERY APRIL - JUNE 2014 SLIDES TO $ 58.60 PMT
COALspot.com – Indonesia, the world’s the largest exporter of the thermal coal's swaps for delivery April - June 2014 slide week ended ...
Monday, 24 February 14
Q1 2015 DELIVERY COAL SWAP CLOSED AT 2.62% HIGHER THAN Q2 2014 CLOSING SWAPS
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 2.68 percent month on month and closed at US$ 76.20 per mt as on Fr ...
Saturday, 22 February 14
SHIPPING POISED TO RALLY AFTER SEVERAL WEEKS OF DROP
COALspot.com: The freight market was steady to firm with the dry bulk index up by 6.24 pct closing at 1,175 points week on week and the cape index w ...
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- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- London Commodity Brokers - England
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
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