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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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Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers.&n ...
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- Metalloyd Limited - United Kingdom
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- TeaM Sual Corporation - Philippines
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- Africa Commodities Group - South Africa
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- Binh Thuan Hamico - Vietnam
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- Videocon Industries ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
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- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
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- San Jose City I Power Corp, Philippines
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- The Treasury - Australian Government
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- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
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- Australian Coal Association
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- Romanian Commodities Exchange
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- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
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- Bukit Asam (Persero) Tbk - Indonesia
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- SMG Consultants - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
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- Kohat Cement Company Ltd. - Pakistan
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- Holcim Trading Pte Ltd - Singapore
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- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
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- New Zealand Coal & Carbon
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- Tamil Nadu electricity Board
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- Economic Council, Georgia
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- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
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- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
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- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
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- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
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- Ministry of Mines - Canada
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- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
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- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
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- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
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- Energy Link Ltd, New Zealand
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- Directorate General of MIneral and Coal - Indonesia
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- Coal and Oil Company - UAE
- Parliament of New Zealand
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- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
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- Deloitte Consulting - India
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