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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, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
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- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
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- Interocean Group of Companies - India
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- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
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- Trasteel International SA, Italy
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- Sindya Power Generating Company Private Ltd
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- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
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- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Marubeni Corporation - India
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- Wilmar Investment Holdings
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- Thiess Contractors Indonesia
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- Wood Mackenzie - Singapore
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- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
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- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
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- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
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- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
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- Kaltim Prima Coal - Indonesia
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- The University of Queensland
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Goldman Sachs - Singapore
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- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
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- Tamil Nadu electricity Board
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- Bhoruka Overseas - Indonesia
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