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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, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
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- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
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