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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, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
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- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
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