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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, 02 October 13
HOW LONG WILL THIS LATEST CAPESIZE RALLY LAST? - TASOS PAPADOPOULOS
By Tasos Papadopoulos, SnP Broker, Intermodal
The surge in iron ore trade has translated into a massive boost in daily earnings for capes; with t ...
Tuesday, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...
Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...
Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013.
The cape index was fell to ...
Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
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- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- The University of Queensland
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
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