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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, 14 December 16
INTERNATIONAL TRIBUNAL DISMISSED CHURCHILL MINING'S DAMAGES CLAIM AGAINST REPUBLIC OF INDONESIA
The Directors of Churchill Mining plc advise that, the ICSID Tribunal (“Tribunal”) granted Indonesia’s application to dismiss the ...
Wednesday, 14 December 16
20/20 VISION! - JOHN N. COTZIAS
2020; A year that could be changing shipping. In early November, the International Maritime Organization (IMO) announced that it would set a 0.5% s ...
Tuesday, 13 December 16
THE FREIGHT MARKET MAY WELL BE SHOWING SIGNS OF HEADING FOR ITS DOWNWARD CORRECTIVE PHASE - ALLIED
2016 has been a tough market for dry bulkers and through these difficult earnings, we have seen some of the lowest prices being noted historically ...
Tuesday, 13 December 16
COAL DEMAND GROWTH TO STALL AS APPETITE WANES, ACCORDING TO IEA
Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according ...
Monday, 12 December 16
U.S. WEEKLY COAL PRODUCTION TOTALS 16.3 MMST, UP 7.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3 million short ton ...
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- ASAPP Information Group - India
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- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
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- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
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- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
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- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Australian Coal Association
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
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- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
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- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
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- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Central Electricity Authority - India
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- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
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- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
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- Indian Oil Corporation Limited
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- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
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- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- VISA Power Limited - India
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- Antam Resourcindo - Indonesia
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- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
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- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
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- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
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- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
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- Carbofer General Trading SA - India
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- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
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- CNBM International Corporation - China
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- Therma Luzon, Inc, Philippines
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- Standard Chartered Bank - UAE
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- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
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- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
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- Global Business Power Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
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- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- The University of Queensland
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- Uttam Galva Steels Limited - India
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- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
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