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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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Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
Saturday, 07 January 12
COAL MARKETS SEE FALLING SPOT PRICES
COALspot.com – World’s thermal coal spot prices have slipped this week..
globalCOAL index in Newcastle Port, benchmark for Asian mark ...
Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mecha ...
Friday, 06 January 12
CLARIDEN GLOBAL BRINGS YOU INDONESIA MINING 2012
Capitalizing Business & Investment Opportunities in an Uncertain Market.Press Release - Clariden Global brings you Indonesia Mining 2012, the dedi ...
Friday, 06 January 12
THE PANAMAX MARKET EXPERIENCED A SLOW START TO 2012 - FEARNLEYS AS
Handy
As usual after a holiday owners and charterers both try to get a feel of the market. An Armada of Supras were talking to ballast towards USG, ...
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- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
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