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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, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
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- Semirara Mining Corp, Philippines
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- Ceylon Electricity Board - Sri Lanka
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- Australian Commodity Traders Exchange
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- Romanian Commodities Exchange
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- Mjunction Services Limited - India
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- Aditya Birla Group - India
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- Goldman Sachs - Singapore
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- Karbindo Abesyapradhi - Indoneisa
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- Alfred C Toepfer International GmbH - Germany
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- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- VISA Power Limited - India
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- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
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- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
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- San Jose City I Power Corp, Philippines
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- Singapore Mercantile Exchange
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- IEA Clean Coal Centre - UK
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- Thiess Contractors Indonesia
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- Timah Investasi Mineral - Indoneisa
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- Ministry of Finance - Indonesia
- White Energy Company Limited
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- GMR Energy Limited - India
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- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
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- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
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- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
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- IHS Mccloskey Coal Group - USA
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- Kumho Petrochemical, South Korea
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- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- The University of Queensland
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- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
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- Eastern Coal Council - USA
- India Bulls Power Limited - India
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- South Luzon Thermal Energy Corporation
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- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
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- Makarim & Taira - Indonesia
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