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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, 23 July 12
NTPC INVITES BIDS FOR 2.6 MILLION TONS OF LOW MOISTURE IMPORTED COAL
COALspot.com - India’s largest electricity generator, NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government ...
Sunday, 22 July 12
NEW CHAIRMAN FOR AUSTRALIAN COAL ASSOCIATION
The Australian Coal Association (ACA) announced that Mr Ross Willims has been appointed as its new independent Chairman effective November 5 2012. M ...
Sunday, 22 July 12
CENTRAL KALIMANTAN COAL RAILWAY NETWORK WILL BE BUILT BY 2015 - THE BORNEO POST
The borneo post reported that, a declaration to build a coal railway network is signed today (12/07/2012) in front of the Indonesian Vice President ...
Sunday, 22 July 12
COAL PRICES IN MIXED TRENDS; STOCKS REMAIN HIGH AT BOTH ENDS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery fell 0.99 percent on last Friday closing (d-o-d) and 1.19 percent com ...
Sunday, 22 July 12
TATA POWER SIGNS A LONG TERM COAL SUPPLY AGREEMENT WITH PT ANTANG GUNUNG MERATUS, INDONESIA
COALspot.com - Tata Power, India’s largest integrated power utility, last Friday announced that it has signed a long term coal suppl ...
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- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- The University of Queensland
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
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