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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, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- The University of Queensland
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
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