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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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Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
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- Chettinad Cement Corporation Ltd - India
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- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Deloitte Consulting - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
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