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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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Sunday, 02 November 14
CAPE INDEX WAS UP 46.65% WEEK ON WEEK
COALspot.com: The BDI and Cape index continued the strong upward trend this week. The BDI was up 19.80 pct and Cape index was up by 46.65 per ...
Friday, 31 October 14
BUKIT ASAM'S NET PROFIT ROSE 27.42% FOR THE PERIOD JANUARY - SEPTEMBER 2014
COALspot.com: Publicly listed coal miner Bukit Asam reported solid profits in the first nine months of 2014 year.
Coal miner Bukit Asam manage ...
Friday, 31 October 14
U.S PRODUCED AROUND 19.3 MMST OF COAL IN A WEEK
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.3 million short tons (mmst) of coal in ...
Thursday, 30 October 14
COAL & GRAINS SUPPORT PANAMAX AND IRON ORE SUPPORTS CAPES
Handy
The Atlantic market has been flat this week. Rates are up about US$ 200 from last week on the TA´s, but the volumes are about the sam ...
Thursday, 30 October 14
DOES A LOU ARBITRATION AGREEMENT FOR THE UNDERLYING CARGO CLAIM COMPLETELY REPLACE THE BILL OF LADING ARBITRATION CLAUSE? - INCE &CO
KNOWLEDGE TO ELEVATE
In the context of cargo claims brought under four bills of lading, the Commercial Court has recently considered whether a ...
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- Aboitiz Power Corporation - Philippines
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- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
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- Parliament of New Zealand
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- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
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- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
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- The Treasury - Australian Government
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- Latin American Coal - Colombia
- PowerSource Philippines DevCo
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- ICICI Bank Limited - India
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- Economic Council, Georgia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
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- Jaiprakash Power Ventures ltd
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- London Commodity Brokers - England
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- Bukit Makmur.PT - Indonesia
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- Romanian Commodities Exchange
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Planning Commission, India
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- Miang Besar Coal Terminal - Indonesia
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- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Australian Coal Association
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- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
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- Sarangani Energy Corporation, Philippines
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- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
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- Indonesian Coal Mining Association
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- Asmin Koalindo Tuhup - Indonesia
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- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
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- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
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- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
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- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
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- Indian Energy Exchange, India
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- The University of Queensland
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Independent Power Producers Association of India
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