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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 $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
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- Aboitiz Power Corporation - Philippines
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- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
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- Indian Oil Corporation Limited
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- Coalindo Energy - Indonesia
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- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Goldman Sachs - Singapore
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- Posco Energy - South Korea
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
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- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
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- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
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- Economic Council, Georgia
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- MS Steel International - UAE
- The University of Queensland
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- Banpu Public Company Limited - Thailand
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- Australian Coal Association
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- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
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- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
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- Indonesian Coal Mining Association
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- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
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- Karaikal Port Pvt Ltd - India
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- Directorate Of Revenue Intelligence - India
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- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
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- Attock Cement Pakistan Limited
- Parliament of New Zealand
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- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
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- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
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- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
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- The State Trading Corporation of India Ltd
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- Power Finance Corporation Ltd., India
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- Kartika Selabumi Mining - Indonesia
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- Renaissance Capital - South Africa
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- Indogreen Group - Indonesia
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- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
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- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
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