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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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Friday, 07 March 14
INDONESIA TO PRODUCE 421 MMT OF COAL IN 2014
Coalspot.com: Indonesia finally agreed to increased 2014 coal output by as much as 6 percent to 421 million metric tons from its previous plan, a se ...
Friday, 07 March 14
US PRODUCED 19.4 MMST OF COAL IN PAST 7 DAYS, SAYS EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.4 million short tons (mmst) of coal in ...
Thursday, 06 March 14
PANAMAX MARKET IS STRUGGLING IN BOTH HEMISPHERES - FEARNRESEARCH
Handy
The Handy/Supra market experienced a rate increase in the Pacific. The activity itself is not too big, but spot tonnage is clearing up and ow ...
Wednesday, 05 March 14
THE BIG BULKERS HAVE IN FACT WITNESSED SIGNIFICANT IMPROVEMENTS IN BOTH BASINS
The BDI continues to gain back some of the lost ground, although in reality there isn't a lot to celebrate abou ...
Wednesday, 05 March 14
LEAVE IT TO CAPES TO CHANGE THE DIRECTION OF THE DRY BULK MARKET - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable+)
Leave it to Capes to change the direction of the Dry Bulk market. The big bulkers managed to drag the BDI ...
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- Global Green Power PLC Corporation, Philippines
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- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
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- Renaissance Capital - South Africa
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- Merrill Lynch Commodities Europe
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- Electricity Authority, New Zealand
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- Heidelberg Cement - Germany
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- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
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- Indian Oil Corporation Limited
- Wilmar Investment Holdings
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- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
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- Orica Mining Services - Indonesia
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- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
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- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
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- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
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- Romanian Commodities Exchange
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- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
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- Sical Logistics Limited - India
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- Madhucon Powers Ltd - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
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- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
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- Australian Commodity Traders Exchange
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- Directorate Of Revenue Intelligence - India
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- VISA Power Limited - India
- Thiess Contractors Indonesia
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- Xindia Steels Limited - India
- Parliament of New Zealand
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- The University of Queensland
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- Semirara Mining Corp, Philippines
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- Banpu Public Company Limited - Thailand
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- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
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