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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, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) res ...
Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
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- TeaM Sual Corporation - Philippines
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- SMC Global Power, Philippines
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- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
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- Meralco Power Generation, Philippines
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- Indonesian Coal Mining Association
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- Miang Besar Coal Terminal - Indonesia
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- Indian Energy Exchange, India
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- Parliament of New Zealand
- VISA Power Limited - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- SN Aboitiz Power Inc, Philippines
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- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Dalmia Cement Bharat India
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- South Luzon Thermal Energy Corporation
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Planning Commission, India
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- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
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- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
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- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Georgia Ports Authority, United States
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- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
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- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
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- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
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- Uttam Galva Steels Limited - India
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- Malabar Cements Ltd - India
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- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Central Electricity Authority - India
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- The University of Queensland
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- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
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- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
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- Kaltim Prima Coal - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
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- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
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- Coal and Oil Company - UAE
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