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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, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy
Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...
Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.ha ...
Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...
Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...
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- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
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- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Planning Commission, India
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- Electricity Generating Authority of Thailand
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- Kumho Petrochemical, South Korea
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- Energy Link Ltd, New Zealand
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- Bangladesh Power Developement Board
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- Jorong Barutama Greston.PT - Indonesia
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- Commonwealth Bank - Australia
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- MS Steel International - UAE
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- Anglo American - United Kingdom
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- Wood Mackenzie - Singapore
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- Ministry of Finance - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
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- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
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- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
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- Interocean Group of Companies - India
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- Parliament of New Zealand
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- Indogreen Group - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
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- GMR Energy Limited - India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
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- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
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- Central Java Power - Indonesia
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- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
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- CNBM International Corporation - China
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- Independent Power Producers Association of India
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- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
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- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
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- The State Trading Corporation of India Ltd
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Eastern Energy - Thailand
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