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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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Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
Tuesday, 07 August 12
KRISHNAPATNAM PORT HAS DISCHARGED 122,247 MTS OF COAL IN JUST 24 HRS
COALspot.com - Keeping with the tradition of the new records that are set at the Olympic Games 2012, Krishnapatnam Port has also achieved in setting ...
Tuesday, 07 August 12
THE JAKARTA POST EDITORIAL: REVISITING THE MINING LAW
The Jakarta post, one of the leading English news paper in Indonesia writes in its editorial today, what the domestic and foreign investors had drea ...
Tuesday, 07 August 12
BARAMULTI SET TO LIST ON BOURSE IN Q4 - JP
The Jakarta Post reported that, coal miner PT Baramulti Sukses Sarana is preparing to make its shares available to the public in the fourth quarter ...
Tuesday, 07 August 12
REALM RESOURCES COMPLETES STUDY ON ITS KATINGAN RIA COAL PROJECT
COALspot.com - Realm Resources Ltd. has announced that it has completed the Project Study for the Katingan Ria Project in Central Kalimantan, Indone ...
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- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Planning Commission, India
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
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