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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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Thursday, 06 February 14
THE WORLD LARGEST COAL EXPORTER SHIPPED AROUND 35.90 MMT OF COAL IN DECEMBER 2013
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $2* billion worth ...
Thursday, 06 February 14
PANAMAX: FAR EAST IS ALMOST ABSENT AND ATLANTIC ON SLOW STEAM
Handy
Due to ongoing Chinese New Year the market is still quiet. Slowly we can see some fresh coal cargos entering the market with second half Feb/ ...
Wednesday, 05 February 14
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market has lost further ground this past week as activity ex-Far East disappeared into the Chinese holidays and owners id ...
Wednesday, 05 February 14
MARKET INSIGHT - TASOS PAPADOPOULOS
KNOWLEDGE TO ELEVATE
COALspot.com: Let's take a break from market prospects, numbers, order book etc. and shed some light on the conclusions of ...
Tuesday, 04 February 14
NEWCASTLE PORT'S WEEKLY COAL EXPORTS HIT NEW HIGH OF 3.53 MMT
COALspot.com: In the week ended 3 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
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- Wilmar Investment Holdings
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
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