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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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Monday, 13 January 14
INDONESIAN ORE BAN TO HAVE LIMITED IMPACT ON CHINESE ALUMINIUM PRODUCERS, FITCH RATINGS SAYS
COALspot.com: Fitch Ratings says today that Indonesia's ban on exports of unprocessed mineral ore will have limited impact on Chinese aluminium pro ...
Sunday, 12 January 14
THE FREIGHT MARKET CONTINUE TO REMAIN WEAK NEXT WEEK - SOLYM CARRIERS
Wish You A very Happy New Year
COALspot.com: The market has dropped quite a lot as expected due to holidays and probably also the effect of ban o ...
Friday, 10 January 14
DECISION ON ORE EXPORT BAN WILL BE MADE TOMORROW: INDUSTRY MINISTER, JG SAYS
Industry Minister M.S. Hidayat dismissed reports on Thursday that the government had made a decision on the matter. “We will only make a decis ...
Friday, 10 January 14
US COAL PRODUCTION UP 5.8% ON WEEK IN WEEK ENDED SATURDAY 4 JANUARY
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Thursday, 09 January 14
THE INDONESIAN GOVERNMENT EASES ORE EXPORT BAN
COALspot.com: The Indonesian government has finally agreed to ease the ore-export ban just a few days before the Sunday deadline amid protests from ...
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- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
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