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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, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
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- Metalloyd Limited - United Kingdom
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- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
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- Anglo American - United Kingdom
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- Trasteel International SA, Italy
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- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
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- Wilmar Investment Holdings
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
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- Energy Link Ltd, New Zealand
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- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
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- Mercuria Energy - Indonesia
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- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
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- Economic Council, Georgia
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- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
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- Ministry of Finance - Indonesia
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- Energy Development Corp, Philippines
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- Parliament of New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
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- Romanian Commodities Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- VISA Power Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
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- European Bulk Services B.V. - Netherlands
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- Directorate General of MIneral and Coal - Indonesia
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- Minerals Council of Australia
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- Price Waterhouse Coopers - Russia
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- Leighton Contractors Pty Ltd - Australia
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- Globalindo Alam Lestari - Indonesia
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- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
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- Kobexindo Tractors - Indoneisa
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