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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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Monday, 10 September 12
TNPL, AN INDIAN PAPER MAKER IS SEEKING FOR 300K MT OF IMPORTED NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 6 Shipments about 50,0 ...
Monday, 10 September 12
DRY BULK MARKET SLOWLY BUT SURELY REACHING CRITICAL STATUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The radical consequences of the shifts in dry bulk demand and prices, especially for the most sought after commodity, concerning the industry, i.e. ...
Monday, 10 September 12
ORPHEUS ENERGY SECURES INDONESIAN COAL TRADING LICENSE
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced today that the Indonesian Ministry of Energy and Mineral Resources h ...
Monday, 10 September 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY / HELLENIC SHIPPING
The European Central Bank left its interest rate unchanged at 0.75% focusing on pushing down borrowing costs in troubled economies, Spain and Italy. ...
Sunday, 09 September 12
H213 SUB-BIT FOB INDONESIA COAL SWAPS ARE TRADING HIGHER
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 0.14 percent W-O-W on 7 September 2012, Friday closing but gained ...
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- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Australian Coal Association
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
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