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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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Monday, 02 December 19
OPEC PREPS FOR OIL'S 2020 BALANCING ACT - WOOD MACKENZIE
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Showing 1261 to 1265 news of total 6871 |
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- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
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- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
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- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
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- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
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- Sree Jayajothi Cements Limited - India
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- European Bulk Services B.V. - Netherlands
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- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
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- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
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- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
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- Binh Thuan Hamico - Vietnam
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- Electricity Generating Authority of Thailand
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- GMR Energy Limited - India
- White Energy Company Limited
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- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
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- Economic Council, Georgia
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- Parry Sugars Refinery, India
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- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
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- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
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- Manunggal Multi Energi - Indonesia
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- IEA Clean Coal Centre - UK
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- Meralco Power Generation, Philippines
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- Coal and Oil Company - UAE
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Planning Commission, India
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- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
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- Edison Trading Spa - Italy
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- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
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- Independent Power Producers Association of India
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- Meenaskhi Energy Private Limited - India
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- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
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- Petron Corporation, Philippines
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- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
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- Australian Commodity Traders Exchange
- The University of Queensland
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- The State Trading Corporation of India Ltd
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- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- PTC India Limited - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
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- Heidelberg Cement - Germany
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- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
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- Metalloyd Limited - United Kingdom
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