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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, 21 January 14
PORT OF NEWCASTLE SHIPPED SLIGHTLY MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 20 January 14, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2. ...
Monday, 20 January 14
SUB-BIT INDONESIA COAL SWAP SEEN LOWER IN 2ND HALF OF 2014
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 0.78 pmt month on month on Friday 17 January 2014. T ...
Monday, 20 January 14
THE CFR SOUTH CHINA COAL MARKET APPEARS TO HAVE LOST DIRECTION
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 4.25 percept month on month and closed at US$ 79.48 per mt as ...
Sunday, 19 January 14
FREIGHT MARKETS SEE CONTINUED WEAK PERFORMANCE
COALspot.com: The market has continued to soften particularly in the far East/SE Asia sector.
The BDI was down 6 pct week on week, the index was ...
Friday, 17 January 14
US COAL PRODUCTION DOWN WEEK ON WEEK: EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.3 million short tons (mmst) of co ...
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- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Thai Mozambique Logistica
- Tamil Nadu electricity Board
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- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
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- Minerals Council of Australia
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- Gujarat Electricity Regulatory Commission - India
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- Meenaskhi Energy Private Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
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- PetroVietnam Power Coal Import and Supply Company
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- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
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- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
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- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
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- Eastern Coal Council - USA
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- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
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- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- White Energy Company Limited
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- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
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- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
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- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- The Treasury - Australian Government
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- Planning Commission, India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
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- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
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- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
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- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
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- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
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- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
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- Interocean Group of Companies - India
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- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
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