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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, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
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- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Economic Council, Georgia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- White Energy Company Limited
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
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