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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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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- The State Trading Corporation of India Ltd
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- Thiess Contractors Indonesia
- Agrawal Coal Company - India
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- Independent Power Producers Association of India
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- Heidelberg Cement - Germany
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- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
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- Africa Commodities Group - South Africa
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- Chamber of Mines of South Africa
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- Orica Mining Services - Indonesia
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- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
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- Eastern Energy - Thailand
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- Deloitte Consulting - India
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- Xindia Steels Limited - India
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- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
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- Parry Sugars Refinery, India
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- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
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- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
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- Bangladesh Power Developement Board
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- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Australian Coal Association
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- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
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- Bhatia International Limited - India
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- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
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- Riau Bara Harum - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- PTC India Limited - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
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