We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 25 December 11
THERMAL COAL PRICES GAINED UP TO 4.32 PERCENT
COALspot.com - globalCOAL index gained 4.32 percent to US$106.36 per ton in RBCT, benchmark for South Asia and West Europe markets, for the week end ...
Saturday, 24 December 11
CHINAS LEVEL OF GROWTH TO DETERMINE COURSE OF DRY BULK MARKET IN 2012 SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest report, shipbroker Intermodal attempted to find a silver lining in the tough year that was 2011, as well as what one could expect from ...
Friday, 23 December 11
SPOT PACIFIC CAPESIZE VESSELS HAVE COMMANDED HIGH PREMIUMS - FEARNLEYS
Handy
Rates in the Atlantic kept stable from last week, with a touch of negativity closer to the end. Less spot cargoes seen, and owners are ...
Friday, 23 December 11
CONTENTIOUS ISSUES IN CONTRACT RENEGOTIATION - THE JAKARTA POST
The government has been renegotiating mining contracts, especially those 30-40 years old, with almost all mining companies, including PT Freeport In ...
Friday, 23 December 11
LANCO JOINS HANDS WITH BUKIT ASAM FOR INDONESIAN POWER PROJECT
COALspot.com - PT Tambang Batubara Bukit Asam, Indonesia's state owned coal miner and Indian based Lanco Infratech Ltd plans to build steam power p ...
|
|
|
Showing 4916 to 4920 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- The University of Queensland
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
|
| |
| |
|
