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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, 03 January 13
DRY BULK DEMAND TO KEEP RISING IN 2013, DRY BULK SHIP PRICES TO KEEP FALLING SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In a recent report on the future of the shipping markets, DVB bank said that dry bulk demand is expected to keep on growing in the coming years, mai ...
Wednesday, 02 January 13
NEWCASTLE PORT SHIPPED 23.61 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,533,183 MT of thermal and coking coal for week ended 0700 hours 31 December 2012, Newc ...
Wednesday, 02 January 13
DRY BULK MARKET TO STAY ELEVATED IN START OF 2013 BUT THE NEW YEAR WILL NOT BE WITHOUT TURBULENCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six ...
Monday, 31 December 12
KOSEP IS LOOKING FOR 280K MT OF 4600 NCV COAL FOR APRIL - JUNE 2013
COALspot.com : South Korean state-owned utility Korea South-East Power Co., Ltd. (KOSEP), has issued an new tender for prompt supply of 280,00 ...
Monday, 31 December 12
VALE CELEBRATES ARRIVAL OF "VALE SOHAR" BULK CARRIER TO SULTANATE WITH MEMBERS OF COMMUNITY
'Vale Sohar', one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by H.E. Shei ...
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- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Australian Coal Association
- White Energy Company Limited
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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