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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, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
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- Intertek Mineral Services - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
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- Tamil Nadu electricity Board
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- Singapore Mercantile Exchange
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- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
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- Edison Trading Spa - Italy
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- Eastern Coal Council - USA
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- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
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- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
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- Parry Sugars Refinery, India
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- Global Coal Blending Company Limited - Australia
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- Dalmia Cement Bharat India
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- Central Electricity Authority - India
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- IHS Mccloskey Coal Group - USA
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- Planning Commission, India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
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- Videocon Industries ltd - India
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- Latin American Coal - Colombia
- Parliament of New Zealand
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- Global Business Power Corporation, Philippines
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- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
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- London Commodity Brokers - England
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- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
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- Thai Mozambique Logistica
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- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Indonesian Coal Mining Association
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- Indian Oil Corporation Limited
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- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Minerals Council of Australia
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- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
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- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
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- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
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- PTC India Limited - India
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- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
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- PNOC Exploration Corporation - Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
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- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
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- Economic Council, Georgia
- Meralco Power Generation, Philippines
- White Energy Company Limited
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- Australian Coal Association
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