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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, 07 November 17
MECHEL SIGNED LONG-TERM COAL SUPPLY CONTRACT WITH ITOCHU CORPORATION
Mechel PAO a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itoch ...
Tuesday, 07 November 17
DRY BULK SHIPPING: TAKE GOOD CARE OF THE RECOVERY SAYS PETER SAND
Demand:
Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In Septembe ...
Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior ...
Tuesday, 07 November 17
PROSPERITY AND WINTER WARMTH REMAIN PARAMOUNT IN CHINA - JEFFREY LANDSBERG
Chinese officials announced recently that 580 gigawatts of coal-derived electricity generation capacity has completed ultra-low emissions reform as ...
Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an I ...
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Showing 1891 to 1895 news of total 6871 |
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- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
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- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
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- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
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- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
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- IHS Mccloskey Coal Group - USA
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- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
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- Ministry of Mines - Canada
- Videocon Industries ltd - India
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- Mintek Dendrill Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
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- Parliament of New Zealand
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- Energy Link Ltd, New Zealand
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- Ceylon Electricity Board - Sri Lanka
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- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
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- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
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- Orica Australia Pty. Ltd.
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- GAC Shipping (India) Pvt Ltd
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- Singapore Mercantile Exchange
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- Africa Commodities Group - South Africa
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- Australian Coal Association
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- Goldman Sachs - Singapore
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- Directorate General of MIneral and Coal - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Indian Oil Corporation Limited
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- Chamber of Mines of South Africa
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
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- Anglo American - United Kingdom
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- The Treasury - Australian Government
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- Ministry of Finance - Indonesia
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- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
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