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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 $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
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- Krishnapatnam Port Company Ltd. - India
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- Parliament of New Zealand
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- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
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- Thai Mozambique Logistica
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- Goldman Sachs - Singapore
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- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
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- Edison Trading Spa - Italy
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- Kartika Selabumi Mining - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
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- Kaltim Prima Coal - Indonesia
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- Aditya Birla Group - India
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- Minerals Council of Australia
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- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
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- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
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- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
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- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
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- Standard Chartered Bank - UAE
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- Electricity Authority, New Zealand
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- Posco Energy - South Korea
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- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
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- White Energy Company Limited
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- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
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- Indian Energy Exchange, India
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- AsiaOL BioFuels Corp., Philippines
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- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Energy Link Ltd, New Zealand
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- SMC Global Power, Philippines
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