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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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Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
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- VISA Power Limited - India
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- Wood Mackenzie - Singapore
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- Bukit Baiduri Energy - Indonesia
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- Simpson Spence & Young - Indonesia
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- Medco Energi Mining Internasional
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- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- MS Steel International - UAE
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- Wilmar Investment Holdings
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- The Treasury - Australian Government
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- Minerals Council of Australia
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- Central Electricity Authority - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
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- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
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- White Energy Company Limited
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- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
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- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
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- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
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- Australian Commodity Traders Exchange
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- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
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- Indian Energy Exchange, India
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- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
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- The State Trading Corporation of India Ltd
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- McConnell Dowell - Australia
- Anglo American - United Kingdom
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- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
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- Parliament of New Zealand
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- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Meralco Power Generation, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Ministry of Mines - Canada
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