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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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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
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- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Australian Coal Association
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Parliament of New Zealand
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
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