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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, 11 September 13
ASIA - PACIFIC THERMAL COAL MARKET TO REMAIN OVERSUPPLIED IN NEXT 12 MONTHS - FITCH RATINGS
COALspot.com: Fitch Ratings says the Asia-Pacific thermal coal market will remain oversupplied in the next 12 months because strong production has b ...
Tuesday, 10 September 13
COAL EXPORTS AT AUSTRALIA'S NEWCASTLE PORT SLIP 30.31% ON WEEK TO 2.36 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port down 30.31 per cent week on week to 2.36 million mt f ...
Tuesday, 10 September 13
WORLDWIDE COAL CONSUMPTION RISES SHARPLY - RA DR. ERICH SCHMITZ
By: RA Dr. Erich Schmitz, Verein der Kohlenimporteure (Germany Coal Importers Association)
World hard coal market in the first half of 2013: worl ...
Monday, 09 September 13
REBOUND IN NEWBUILDING ORDERS HASN'T HURT DRY BULK MARKET PROSPECTS, BUT SHIP OWNERS SHOULD STILL BE CAUTIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Since the start of 2013 and up until the end of August, one thing has really caught the headlines in the dry bulk market, except of course, the frei ...
Sunday, 08 September 13
Q3 2014 THERMAL COAL SWAPS : STEADY DIRECTION
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery up 1.88 percent month on month. The swap was moved ...
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- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- MS Steel International - UAE
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