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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, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
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