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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, 21 October 15
RUSSIA'S CARBO ONE COAL SALES TO HIT 50 MLN T/YR - JACQUELINE HOLMES
COALspot.com: Russia's Carbo One has become one of the world's leading physical coal traders with an annual volume approaching 50 million t ...
Wednesday, 21 October 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
In today’s dry bulk market, both freight rates and asset prices are creating mixed feelings to seasoned ship owners, who tend to instinctivel ...
Wednesday, 21 October 15
INDONESIAN COAL MINER BUKIT ASAM POSTS POSITIVE PERFORMANCE DURING FIRST THREE QUARTERS OF 2015
COALspot.com: Indonesian publicly listed and state controlled coal miner PT. Bukit Asam has announced that, the company’s coal sales up 8 per ...
Wednesday, 21 October 15
LOWER DEMAND HIT Q1' 16 INDONESIA COAL SWAPS
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 1.88 (-4.71%) per t ...
Tuesday, 20 October 15
SHIPBROKER SEES CAPESIZE RATES EASILY REACHING $25,000/DAY BY YEAR-END : NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future course of the dry bulk market has been troubling market participants for quite some time now, as the “elusive” freight rate ...
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- The State Trading Corporation of India Ltd
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- Orica Mining Services - Indonesia
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- Economic Council, Georgia
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- Trasteel International SA, Italy
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- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
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- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Planning Commission, India
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- CNBM International Corporation - China
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- Wood Mackenzie - Singapore
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- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
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- Petron Corporation, Philippines
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- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
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- MS Steel International - UAE
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- McConnell Dowell - Australia
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- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
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- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
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- Anglo American - United Kingdom
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- Global Coal Blending Company Limited - Australia
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- The University of Queensland
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- International Coal Ventures Pvt Ltd - India
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- Commonwealth Bank - Australia
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- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
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- Independent Power Producers Association of India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
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- Eastern Coal Council - USA
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- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
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- London Commodity Brokers - England
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
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