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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, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
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- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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