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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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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
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- Ministry of Mines - Canada
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- Africa Commodities Group - South Africa
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- Thai Mozambique Logistica
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- McConnell Dowell - Australia
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- Samtan Co., Ltd - South Korea
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- Thiess Contractors Indonesia
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- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- The University of Queensland
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- Indonesian Coal Mining Association
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- Medco Energi Mining Internasional
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- Independent Power Producers Association of India
- Australian Coal Association
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- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
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- Central Electricity Authority - India
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- Videocon Industries ltd - India
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- Orica Australia Pty. Ltd.
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- TeaM Sual Corporation - Philippines
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- MS Steel International - UAE
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- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
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- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
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- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
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- Indian Oil Corporation Limited
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- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
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- IHS Mccloskey Coal Group - USA
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- Central Java Power - Indonesia
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- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
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- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
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- Chamber of Mines of South Africa
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