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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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Saturday, 30 August 14
INDIAN GOVERNMENT SHOULD TAKE NOTICE: THERMAL COAL IMPORT PRICES EXTREMELY LOW - COMMODORE RESEARCH
COALspot.com: Both Indonesian and Australian thermal coal prices are at the lowest levels seen this decade, with Indonesia's monthly benchmark ...
Saturday, 30 August 14
RECOVERY IN SIGHT FOR THE DRY BULK SHIPPING MARKET - DREWRY SHIPPING CONSULTANTS
Despite weak freight rates so far this year, Dry Bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities ...
Friday, 29 August 14
U.S. WEEKLY COAL PRODUCTION DROPS 1.3 PERCENT, EIA SAYS
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Friday, 29 August 14
ADARO'S PROFITS SINK FURTHER AMID FALL IN COAL PRICES - JP
Adaro Energy, one of the country’s largest coal miners, has reported a 31 percent drop in net profit in the first half of this year as global ...
Friday, 29 August 14
CHINESE LIGNITE IMPORTS: QUANTITY OVER QUALITY? - CLARKSONS
In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Mea ...
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- Lanco Infratech Ltd - India
- Planning Commission, India
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- Neyveli Lignite Corporation Ltd, - India
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- Global Coal Blending Company Limited - Australia
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- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
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- The Treasury - Australian Government
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- Energy Link Ltd, New Zealand
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- The State Trading Corporation of India Ltd
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- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
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- Indian Energy Exchange, India
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- CNBM International Corporation - China
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- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
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- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
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- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
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- SMG Consultants - Indonesia
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- Attock Cement Pakistan Limited
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- Directorate Of Revenue Intelligence - India
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- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
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- Price Waterhouse Coopers - Russia
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- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
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- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
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- MS Steel International - UAE
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- Goldman Sachs - Singapore
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- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
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- Banpu Public Company Limited - Thailand
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- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
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- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- London Commodity Brokers - England
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- Economic Council, Georgia
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- Thiess Contractors Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
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- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
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- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
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- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
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- Africa Commodities Group - South Africa
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- Grasim Industreis Ltd - India
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- International Coal Ventures Pvt Ltd - India
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- Semirara Mining and Power Corporation, Philippines
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- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Marubeni Corporation - India
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- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
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- Parliament of New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
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