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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 February 13
NORTH P&I CLUB WARNS OF LIQUEFACTION RISK FOR BAUXITE CARGOES
The ‘A’ rated 170 million GT North P&I club has warned shipowners carrying bauxite aluminium ore cargoes that they have the potentia ...
Thursday, 07 February 13
CHINA NDRC APPROVED 10 BILLION YUAN POWER GENERATION PROJECTS
NDRC of China currently announced that some of power grid and power station in Jiangxu, Sichuan and Anhui Province would be newly constructed or ext ...
Thursday, 07 February 13
CAPESIZE : MORE ACTIVE WEEK IN THE PACIFIC - FEARNLEYS AS
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 18k and Black Sea to Feast ...
Thursday, 07 February 13
WEAK STEEL MARKET MEANS IRON ORE RALLY LIKELY TO END SOON - FITCH
The sharp rebound in iron ore prices over the last couple of months will hurt margins at non-integrated steel producers in the first quarter of 2013 ...
Tuesday, 05 February 13
THE SHIPPING SECTOR IS " NAVIGATING IN STORMY WATERS" - PWC
The vulnerabilities of the global economy have been exposed and have more than played their part in making 2011 one of the worst years of shipping i ...
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- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
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