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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, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT
Steady Cash Flow Will Fund Production Ramp Up
Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a produc ...
Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
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- International Coal Ventures Pvt Ltd - India
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- Bulk Trading Sa - Switzerland
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- Kohat Cement Company Ltd. - Pakistan
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- Tamil Nadu electricity Board
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- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
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- Metalloyd Limited - United Kingdom
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- Orica Australia Pty. Ltd.
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- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- The University of Queensland
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- Minerals Council of Australia
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- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
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- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Australian Coal Association
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- GVK Power & Infra Limited - India
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- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
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- New Zealand Coal & Carbon
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- White Energy Company Limited
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- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
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- PNOC Exploration Corporation - Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- Vedanta Resources Plc - India
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- PetroVietnam Power Coal Import and Supply Company
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- Kumho Petrochemical, South Korea
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- European Bulk Services B.V. - Netherlands
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- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
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- Economic Council, Georgia
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- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
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- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Planning Commission, India
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- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
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- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- ICICI Bank Limited - India
- Goldman Sachs - Singapore
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- Salva Resources Pvt Ltd - India
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