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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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Friday, 04 October 13
US COAL PRODUCTION UP 2.1% WEEK ON WEEK - EIA
COALspot.com – United States the world’s second largest coal producer produced approximately 19.70 million short tons (mmst) of coal in ...
Thursday, 03 October 13
INDONESIA AUGUST COAL EXPORTS FALL 12.90 % FROM JULY TO 30.71 MIL MT
COALspot.com: Indonesia, the 15th largest economy in world, 4th largest coal producer in world and world's largest multi grade coal exporter ...
Thursday, 03 October 13
TOP FOUR U.S. COAL COMPANIES SUPPLIED MORE THAN HALF OF U.S. COAL PRODUCTION IN 2011 - EIA
In the past two years, more than half of U.S. coal production was attributable to the top four coal producers, the result of changes in regional pro ...
Thursday, 03 October 13
HANDY: PERIOD MARKET STAND IN GOOD POSITION - FEARNRESEARCH
Handy
Nickel ore and Bauxite was active last week but slowed down now due to Chinese holidays. Ships opened in North China fixed at US$ 11-13k leve ...
Wednesday, 02 October 13
DRY BULK MARKET IS STILL MAINTAINING ITS UPWARD DIRECTION
Chartering (Wet: Stable- / Dry: Firm+)
Despite the fact that rates for Capes didn't continue their crazy ride this past week, the Dry Bulk market ...
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- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- ICICI Bank Limited - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
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