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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 $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Thursday, 31 July 14
RIO TINTO SELLS MOZAMBIQUE COAL ASSETS FOR US$ 50 MILLION TO INDIA'S ICVL
COALspot.com: Rio Tinto has agreed to sell its Mozambique coal assets for just US$ 50 million to International coal ventures Private limited of Ind ...
Wednesday, 30 July 14
CAPES SEEMED TO BE STRANDED AT THE SAME LEVELS; PANAMAXES MANAGED TO SLIGHTLY REVIVE - INTERMODAL
COALspot.com: The Dry Bulk market took a breath this past week, as both Panamaxes and Supras started to see a small influx of activity, which was j ...
Tuesday, 29 July 14
TOTAL SELLS ITS SOUTH AFRICAN COAL MINING ASSETS TO EXXARO
Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affili ...
Tuesday, 29 July 14
GENCO: DRY BULK SHIPPING VALUATIONS NO LONGER ANCHORED TO DISCOUNTED CASH FLOW METHOD - WEIL
KNOWLEDGE TO ELEVATE
Discounted cash flow analysis is a mainstay among the valuation methodologies used by restructuring professionals and bank ...
Tuesday, 29 July 14
SHIP OWNERS' DEMAND OF NEW VESSELS DENTED AS A RESULT OF LOWER FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The sharp downward direction of dry bulk freight rates has had a negative impact on investors’ secondhand buying appetite that wait to see th ...
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- Timah Investasi Mineral - Indoneisa
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
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- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
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- Thiess Contractors Indonesia
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- Eastern Coal Council - USA
- Romanian Commodities Exchange
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- Malabar Cements Ltd - India
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- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
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- Jaiprakash Power Ventures ltd
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- The University of Queensland
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- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
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- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
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- White Energy Company Limited
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- Siam City Cement - Thailand
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- Parliament of New Zealand
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- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
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- Georgia Ports Authority, United States
- Central Electricity Authority - India
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- MS Steel International - UAE
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- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
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- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
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- Indian Energy Exchange, India
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- Meralco Power Generation, Philippines
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- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
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- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Minerals Council of Australia
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- Port Waratah Coal Services - Australia
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- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
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- Bangladesh Power Developement Board
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- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
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- Parry Sugars Refinery, India
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- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
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- Chamber of Mines of South Africa
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- Commonwealth Bank - Australia
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- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
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- Ministry of Transport, Egypt
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- European Bulk Services B.V. - Netherlands
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