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Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine months.
Shipments fell to 4.55 million metric tons in April from 5.97 million tons in the same month a year earlier, the terminal said in an e-mailed response to questions today. That’s the biggest drop since July last year, when they declined 26 percent. Stockpiles at the terminal climbed to 4.19 million tons, the highest since March 2007.
“It’s the market, its terrible,” Xavier Prevost, a coal analyst in South Africa, said in an interview from his mobile phone today. “With the prices most of the producers are not keen on actually exporting or selling too much coal.”
Prices of coal shipped from the terminal fell 44 percent Over the last year and traded at an average of $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...
Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...
Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest conglomerates, to enter into mining industry ac ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
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- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
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- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
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- Energy Link Ltd, New Zealand
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- Parliament of New Zealand
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- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
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- Chamber of Mines of South Africa
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- SMG Consultants - Indonesia
- Planning Commission, India
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- Bukit Makmur.PT - Indonesia
- The University of Queensland
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- Formosa Plastics Group - Taiwan
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- Billiton Holdings Pty Ltd - Australia
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- Romanian Commodities Exchange
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- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
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- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
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- White Energy Company Limited
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- International Coal Ventures Pvt Ltd - India
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- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
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- Semirara Mining and Power Corporation, Philippines
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- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
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- IEA Clean Coal Centre - UK
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- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
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- Malabar Cements Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
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- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
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- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
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- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
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- Metalloyd Limited - United Kingdom
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- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
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