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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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Monday, 16 January 12
BUMA MINED 2.7 MILLION TONS COAL LAST MONTH
COALspot.com - BUMA has mined 2.7 million tons (-14.1% YoY) coal last month and removed 25.8 million bcm (-5.6% YoY) overburden, according to compan ...
Sunday, 15 January 12
THE FREIGHT MARKET CONTINUED TO BLEED - VISTAAR
COALspot.com - "The markets continued to bleed with BDI touching almost 1000 points , almost reaching the collapse of 2008 levels," said C ...
Saturday, 14 January 12
GOLDEN MINES TO SUPPLY 4 MIO TONS - INSIDER STORIES
Insider Stories reported that, Coal miner under Sinarmas Group PT Golden Energy Mines Tbk (GEMS), a subsidiary of PT Dian Swastatika Sentosa Tbk (DS ...
Friday, 13 January 12
DIFFICULT START OF 2012 FOR DRY BULK MARKET SEEN HARD TO CHANGE IN THE COURSE OF THE YEAR, UNLESS DEMOLITION PICKS UP
The dry bulk market has been on a freefall this week after a rocky start to the new year. Yesterday, the BDI (Baltic Dry Index) the industry's benc ...
Thursday, 12 January 12
DRY BULK MARKET CRASHING AT START OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept being on freefall mode yesterday, with the industry's benchmark, the BDI (Baltic Dry Index) losing a massive 5.17% on ...
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- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Central Java Power - Indonesia
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