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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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Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
Saturday, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
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- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
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