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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, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
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- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- PTC India Limited - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
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