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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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Wednesday, 01 January 14
COAL & OIL TO SET UP ANOTHER 1,600 MW POWER PLANT IN INDIA - VENKATARAMANI
COALspot.com: Dubai-based Coal & Oil (C&O) Group is planning to make additional investment of around US$ 1.61 billion to set up 1,600 mega w ...
Wednesday, 01 January 14
DRY BULK CARRIER OWNERS ANTICIPATING AN EVEN STRONGER 2014 YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
To begin with, The Hellenic Shipping News Worldwide team would like to wish you all a Happy and Prosperous 2014! We begin the New Year with our firs ...
Tuesday, 31 December 13
INDONESIA'S COAL PRODUCTION COULD HIT 450 MMT IN 2014 - ICMA
COALspot.com: Indonesia, the fourth largest coal producer and largest coal exporter in the world, to increase coal output in year 2014 instead of th ...
Tuesday, 31 December 13
U.S. COAL PRODUCTION INCREASED WEEK ON WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.5 million short tons (mmst) of coal in ...
Tuesday, 31 December 13
MORE THAN $21 BILLION INVESTED IN SECOND HAND SHIP PURCHASES IN 2013
One thing that was apparent in the sale and purchasing markets during 2013 was the ship owners' larger appetite for vessel acquisitions, as most so ...
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- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Planning Commission, India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- The University of Queensland
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- VISA Power Limited - India
- Australian Coal Association
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
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