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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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Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
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- Global Business Power Corporation, Philippines
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- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Australian Coal Association
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
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- Global Coal Blending Company Limited - Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
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- Kohat Cement Company Ltd. - Pakistan
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- Baramulti Group, Indonesia
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- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
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- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- CNBM International Corporation - China
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- Sindya Power Generating Company Private Ltd
- The University of Queensland
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- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
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- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
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- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
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- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Cigading International Bulk Terminal - Indonesia
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- ICICI Bank Limited - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
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- Larsen & Toubro Limited - India
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- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
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