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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, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
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- Barasentosa Lestari - Indonesia
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- Singapore Mercantile Exchange
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- Ministry of Finance - Indonesia
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- Cement Manufacturers Association - India
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- ICICI Bank Limited - India
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- New Zealand Coal & Carbon
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- Economic Council, Georgia
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- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
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- Chettinad Cement Corporation Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
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- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
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- CNBM International Corporation - China
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
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- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- ASAPP Information Group - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
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- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
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- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
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- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
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- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
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- Marubeni Corporation - India
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- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
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- Electricity Authority, New Zealand
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- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
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- India Bulls Power Limited - India
- Minerals Council of Australia
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- Kohat Cement Company Ltd. - Pakistan
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- Central Electricity Authority - India
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- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Africa Commodities Group - South Africa
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- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
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- Bukit Asam (Persero) Tbk - Indonesia
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