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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 $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
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- Toyota Tsusho Corporation, Japan
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- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
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- Electricity Authority, New Zealand
- India Bulls Power Limited - India
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- Ministry of Finance - Indonesia
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- PTC India Limited - India
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- Wood Mackenzie - Singapore
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
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- Goldman Sachs - Singapore
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- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
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- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
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- VISA Power Limited - India
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
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- Eastern Energy - Thailand
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- TeaM Sual Corporation - Philippines
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- Marubeni Corporation - India
- The Treasury - Australian Government
- Parliament of New Zealand
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- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
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- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
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- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Jindal Steel & Power Ltd - India
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- MS Steel International - UAE
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
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- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
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- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
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- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
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- SN Aboitiz Power Inc, Philippines
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- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
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- Price Waterhouse Coopers - Russia
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- Planning Commission, India
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- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
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- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
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- Indogreen Group - Indonesia
- McConnell Dowell - Australia
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