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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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Tuesday, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its fi ...
Tuesday, 29 January 19
CHINA HAS BEEN THE TOP DRIVER OF GLOBAL GROWTH FOR NEARLY TWO DECADES - ALLIED
China has been the top driver of global growth for nearly two decades now, pushing demand for seaborne trade and being the key influencer for deman ...
Saturday, 26 January 19
SUPRAMAX: NICKEL ORE RUNS SAW A 56K DWT VESSEL, DELIVERY PHILIPPINES, FIXED FOR A TRIP TO CHINA AT $6K - BALTIC BRIEFING
Capesize
A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying thr ...
Thursday, 24 January 19
ANOTHER DISAPPOINTING WEEK FOR PANAMAX OWNERS; MARKET CONTINUES DOWN IN BOTH BASINS - FEARNLEYS
Capesize
The week has been marked by low activity and dropping rates in both basins. As usual, supply additions have increased at the beginning ...
Thursday, 24 January 19
KOREA SOUTHERN POWER INVITED BIDS FOR 960K MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
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- Sree Jayajothi Cements Limited - India
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- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
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- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
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- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
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- Toyota Tsusho Corporation, Japan
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- Ministry of Finance - Indonesia
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- Minerals Council of Australia
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- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- IEA Clean Coal Centre - UK
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- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
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- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
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- Star Paper Mills Limited - India
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- OPG Power Generation Pvt Ltd - India
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- Australian Coal Association
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- PNOC Exploration Corporation - Philippines
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- Economic Council, Georgia
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- Independent Power Producers Association of India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Orica Australia Pty. Ltd.
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- Singapore Mercantile Exchange
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- Sical Logistics Limited - India
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- Kaltim Prima Coal - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
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- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
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- Indonesian Coal Mining Association
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- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
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- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
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- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
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- The University of Queensland
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- London Commodity Brokers - England
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- Kartika Selabumi Mining - Indonesia
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- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
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- Chamber of Mines of South Africa
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