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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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Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
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- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Minerals Council of Australia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
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