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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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Friday, 01 June 12
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA AND BUMI BARITO MINERAL PROJECTS
- Borneo Bara Prima (BBP) Project confirmed on the Clean and Clear List 9th May 2012
- Bumi Barito Mineral (BBM) Project confirmed on the Clean and ...
Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
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- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
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