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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, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported ...
Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
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- Jorong Barutama Greston.PT - Indonesia
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- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
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- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
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- South Luzon Thermal Energy Corporation
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- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
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- The University of Queensland
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- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Australian Coal Association
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- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
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- Eastern Coal Council - USA
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- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
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- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
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- Gujarat Sidhee Cement - India
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- Globalindo Alam Lestari - Indonesia
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- New Zealand Coal & Carbon
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- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
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- Ministry of Mines - Canada
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- Ministry of Transport, Egypt
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- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
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- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
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- Economic Council, Georgia
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- Ministry of Finance - Indonesia
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- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
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- The State Trading Corporation of India Ltd
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- Bhoruka Overseas - Indonesia
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- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
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- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
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- Binh Thuan Hamico - Vietnam
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- The Treasury - Australian Government
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- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- White Energy Company Limited
- Romanian Commodities Exchange
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- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Goldman Sachs - Singapore
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
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