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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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Thursday, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coa ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
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- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Medco Energi Mining Internasional
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- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
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- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
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- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
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- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
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- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
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- Mercator Lines Limited - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
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- Intertek Mineral Services - Indonesia
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