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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, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
Fitch Ratings' negative outlook on the Indonesian coal-mining sector reflects our view of weaker cash flow generation on account of declining c ...
Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...
Wednesday, 04 December 19
INDONESIA REVIEWING RULES MANDATING COAL SALES TO LOCAL BUYERS: OFFICIAL - REUTERS
Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as sup ...
Tuesday, 03 December 19
STABILITY AND COMPATIBILITY OF VERY LOW SULPHUR FUEL OILS - GARD
In order to meet increasing restrictions on the sulphur content in marine fuel as defined by MARPOL Annex VI Regulation 14.1.3, the characteristics ...
Monday, 02 December 19
COAL PRODUCTION IN INDIA UP BY 164.58 MT IN 5 YEARS - BUSINESS LINE
Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Aff ...
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- Commonwealth Bank - Australia
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- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
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- Baramulti Group, Indonesia
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- Wood Mackenzie - Singapore
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- Thai Mozambique Logistica
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- Medco Energi Mining Internasional
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- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
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- The University of Queensland
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- Australian Coal Association
- Directorate Of Revenue Intelligence - India
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- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
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- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
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- Meralco Power Generation, Philippines
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- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
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- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
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- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
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- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
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- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
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- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
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- Parliament of New Zealand
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- Georgia Ports Authority, United States
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- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
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- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Economic Council, Georgia
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- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
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- Bayan Resources Tbk. - Indonesia
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- Australian Commodity Traders Exchange
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- White Energy Company Limited
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- Larsen & Toubro Limited - India
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- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Ministry of Mines - Canada
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