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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 $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
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- MS Steel International - UAE
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- Indo Tambangraya Megah - Indonesia
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- Planning Commission, India
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- Rashtriya Ispat Nigam Limited - India
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- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
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- Tamil Nadu electricity Board
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- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
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- Central Electricity Authority - India
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- The State Trading Corporation of India Ltd
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- Barasentosa Lestari - Indonesia
- The University of Queensland
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- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
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- Larsen & Toubro Limited - India
- Economic Council, Georgia
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- Electricity Authority, New Zealand
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- Bulk Trading Sa - Switzerland
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- Romanian Commodities Exchange
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indian Energy Exchange, India
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- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
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