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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, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- Kumho Petrochemical, South Korea
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- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
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- Eastern Coal Council - USA
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- Anglo American - United Kingdom
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- TNB Fuel Sdn Bhd - Malaysia
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- Independent Power Producers Association of India
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- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
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- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
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- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
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- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
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- VISA Power Limited - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
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- The State Trading Corporation of India Ltd
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- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
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- Simpson Spence & Young - Indonesia
- The University of Queensland
- Minerals Council of Australia
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- Australian Coal Association
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
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- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
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- Price Waterhouse Coopers - Russia
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- Metalloyd Limited - United Kingdom
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