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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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Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
Wednesday, 20 July 11
ANTWERP RECEIVES THE CAPESIZE MG COURAGE
The deepening of the Western Scheldt has made the port of Antwerp easily accessible not only to Ultra Large Container Ships of over 10,000 TEU but a ...
Wednesday, 20 July 11
KALIMANTAN GOLD APPOINTS COMMISSIONER TO SUBSIDIARY
Kalimantan Gold Corporation Limited has announced the appointment of Dr. Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kali ...
Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in Eas ...
Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibilit ...
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- Neyveli Lignite Corporation Ltd, - India
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- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
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- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
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- San Jose City I Power Corp, Philippines
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- Jindal Steel & Power Ltd - India
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- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
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- Bhoruka Overseas - Indonesia
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- Power Finance Corporation Ltd., India
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- Bukit Makmur.PT - Indonesia
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- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
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- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
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- Indian Oil Corporation Limited
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- Central Java Power - Indonesia
- PowerSource Philippines DevCo
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- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
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- Samtan Co., Ltd - South Korea
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- Meralco Power Generation, Philippines
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- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
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- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Larsen & Toubro Limited - India
- Australian Coal Association
- Coal and Oil Company - UAE
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- ASAPP Information Group - India
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- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
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- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
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- PNOC Exploration Corporation - Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
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- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- Indonesian Coal Mining Association
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