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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, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...
Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms o ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
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- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Planning Commission, India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Australian Coal Association
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
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