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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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Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
Tuesday, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
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- Energy Development Corp, Philippines
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- Indian Oil Corporation Limited
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- Planning Commission, India
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- Global Business Power Corporation, Philippines
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- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
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- Bhatia International Limited - India
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- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
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- Billiton Holdings Pty Ltd - Australia
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- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
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- Economic Council, Georgia
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- Eastern Energy - Thailand
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- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- VISA Power Limited - India
- Bangladesh Power Developement Board
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- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
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- Iligan Light & Power Inc, Philippines
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- Indian Energy Exchange, India
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- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
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- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
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- Metalloyd Limited - United Kingdom
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- Merrill Lynch Commodities Europe
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- Sinarmas Energy and Mining - Indonesia
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- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
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- Singapore Mercantile Exchange
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- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
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- CNBM International Corporation - China
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- Xindia Steels Limited - India
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- Chamber of Mines of South Africa
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- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
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