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Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
 ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian Competition and Consumer Commission chairman Graeme Samuel says the agreement forged between the New South Wales Government, the port operator and coal producers, including BHP Billiton, gives certainty to the industry.
He says it is possible the deal will cut shipping queues at the port.
"It is looking like we will approve the reinstatement of the interim authorisations that were there to try and manage the queues at the port and to enable the parties to proceed towards putting in place the long-term ship or pay contracts that are an integral part of this long-term solution," Mr Samuel said.
He says approving the new agreement will add certainty to encourage investment in increasing the port's capacity.
"It will provide for increased capacity and thus the ability for ships to, rather than sit in a queue, to come through to the ports, take the coal that's coming from the Hunter Valley coal mines and then move it into export," he commented.
"That's what's been needed for some time now. But of course no investor was ever going to invest in expanded capacity until they had at least some assurance that their investment would earn a reasonable return; that is, would be paid for either by ships using it, or else by parties saying we'll pay for it if we don't have the necessary requirements to use the capacity.
"They will sign long-term what are called "ship or pay" contracts; that's contracts to either have ships use the capacity or else pay for it in any event. That will provide the certainty that investors need to expand the capacity of the port."
He says the ACCC has not seen all the details of the agreement, but has seen enough to demonstrate that it will be a step forward in improving the port's operation.
"We've only seen the bare bones of the agreement as was put to us last evening, but I'd have to say to you that the impression that we get, particularly in discussions with the New South Wales Government, is that this is an agreement that is binding on the parties. It does take the parties a long way forward now in terms of the implementation of a long-term solution," he said.
"If the agreements are in the form that we understand them to be, and we're only into the very initial sort of review and consultation phase, but if they are in the form, I think there's every expectation that what we've now taken is the big step needed towards the long-term solution with Port Waratah."
However, Mr Samuel says further investment in rail and other infrastructure is needed to substantially increase the capacity to export the Hunter Valley's coal.
"Our authorisation was initially intended to stop the ship queues or to reduce them. Ultimately we've said, you've got to find a long term solution to this," he said.
"All that you're doing at the moment is, by putting in place this queue allocation system, this capacity allocation system, you're just providing a temporary stop-gap measure, but you're not providing for a long-term solution. And you're actually reducing the overall ability for the Hunter Valley coal mines to export their coal."
Source: ABC
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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
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- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- The University of Queensland
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
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