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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, 24 May 13
US'S COAL PRODUCTION INCREASED WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.90 million short tons (mmst) of ...
Friday, 24 May 13
OPG POWER VENTURES OF INDIA LOOKING FOR 210,000 MT OF 4,200 GAR INDONESIAN THERMAL COAL
COALspot.com - OPG Power Ventures Plc (OPG) is an AIM listed (London Stock Exchange) and fast growing developer and operator of power plants in Indi ...
Thursday, 23 May 13
HANDY : THE ATLANTIC MARKET REMAINS UNCHANGED - FEARNRESEARCH
Handy
The Atlantic market remains unchanged. USG-Feast rates were around USD 19k. Little change from last week in the Pacific, fewer stems and tonn ...
Thursday, 23 May 13
COLOMBIA SHIPPED 11.74 MILLION TONS OF THERMAL COAL IN Q1
COALspot.om - Colombia produced about 18,388,972.94 mt of coal for the first quarter of 2013.
Q1' 2013 coal production was around 21.42 p ...
Wednesday, 22 May 13
COKAL SIGNS JV WITH MDM, FOR BARITO RIVER BARGING
COALspot.com - Cokal Limited (ASX: CKA) has announced that it has entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM) one of ...
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- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- VISA Power Limited - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
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