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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, 07 March 12
ASSESS ASIAS POTENTIAL, DEVELOPMENTS AND APPETITE FOR SHALE AT SHALE GAS SUMMIT
Press Release - Assess Asia’s Potential, Developments and Appetite for Shale at Shale Gas Summit on 23-24 Apr, 2012 in Beijing
China is rep ...
Wednesday, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
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- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Planning Commission, India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
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