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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, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless  ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
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- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Planning Commission, India
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- Central Electricity Authority - India
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- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
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- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
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- London Commodity Brokers - England
- Edison Trading Spa - Italy
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- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
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- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
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- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
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- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
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- Uttam Galva Steels Limited - India
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- Bhatia International Limited - India
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- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
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- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
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- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Australian Coal Association
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- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
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- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
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- Chettinad Cement Corporation Ltd - India
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- Deloitte Consulting - India
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- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
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