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Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
 Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short of the corridor’s nameplate yearly capacity of 70-million tons, and had come in at closer to an annualised 60-million tons, Transnet acting CEO Chris Wells revealed on Thursday
Speaking in an interview with Mining Weekly Online, which took place at the group’s head office in downtown Johannesburg, Wells said that the company and the industry “would have done extremely well” if they achieved volumes of between “64-million tons and 65-million tons” for the year as a whole.
At the start of its financial year on April 1, 2009, the State-owned group’s rail division had budgeted to handle 69-million tons up until March 31, 2010. But, heavy rains during the first quarter, some operational problems on the line itself and an “indifferent” supply of coal from the mines had all but put paid to that ambition.
In unveiling its annual results on Wednesday, Transnet reported that volumes railed down the coal channel – which connects the coalfields of Mpumalanga province, on the eastern side of South Africa, to the Indian Ocean-facing RBCT, in KwaZulu-Natal – fell to a “very disappointing” 61,9-million tons in 2008/9.
Wells said that he was particularly unhappy about last year’s decline, which capped a three-year trend of underperformance, with volumes having fallen consistently since 2006, when 68,8-million tons were railed.
The acting CEO, who took over temporarily from Maria Ramos earlier this year, while the Transnet board sought a permanent replacement, had become personally involved in the matter. He told Mining Weekly Online that he was in the middle of a series of engagements with senior executives from the country’s leading coal exporters in a bid to understand the constraints and to set in place actions to raise volumes again.
Since September, there had been a concerted effort from Transnet to improve the corridor’s performance and there had been intensive interactions with the mines and the RBCT.
“But now the mines have run short,” Wells said, adding that two large mining groups had acknowledged in recent meetings that they were not producing to plan.
But many of these miners were also unhappy with the fact that Transnet had not set in place firm plans to raise capacity on the corridor to match the expanding capacity of the RBCT.
The R1,2-billion “Phase V” expansion had been delayed and would now only be commissioned by the fourth quarter of 2009, instead of July 1, as initially planned.
But, the RBCT’s new nameplate capacity of 91-million tons a year was well in advance of the rail channel’s 71-million tons, and Transnet Freight Rail had indicated initiated expansion plans to raise that capacity to around 80-million tons through the addition of new rolling stock.
Moreover, its R3,4-billion acquisition of 110 dual-voltage locomotives was a full year behind schedule, which had raised anxiety levels even further.
Wells acknowledged these tensions, but stressed that “relationships” were being built and “greater trust” developing.
“We have as much interest as any of the mines to get this channel up to 75-million tons year in, year out as soon as possible, while we look at future expansion options,” he said, adding that Transnet had no intention of getting in the way of committed expansion.
But, the group was insisting on firm, long-term take-or-pay contractual arrangements before it committed to what would be a “very significant” capital investment programme to raise capacity to above 90-million tons.
“We are not going to spend many billions and then face a coal industry exporting 65-million tons,” Wells outlined, adding that there was a lot of work being done “together”, with the help of external advisers, to reach a deal of the expansion of the line.
Source: Mining Weekly (http://www.miningweekly.com/article/sa-coal-exports-unlikely-to-breach-65mt-this-year-transnet-2009-06-25)
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Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
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- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Latin American Coal - Colombia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
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