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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 $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Tuesday, 22 November 11
NTPC TO BUY 2 MMT OF IMPORTED COAL FOR ITS FOUR PLANTS
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, the largest thermal power generati ...
Tuesday, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...
Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...
Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...
Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...
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- Power Finance Corporation Ltd., India
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- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
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- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
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- TeaM Sual Corporation - Philippines
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- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
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- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
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- Madhucon Powers Ltd - India
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- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
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- Makarim & Taira - Indonesia
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- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
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- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
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- Australian Coal Association
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- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
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- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
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- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Semirara Mining Corp, Philippines
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- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
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- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
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- Toyota Tsusho Corporation, Japan
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- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
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- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
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- Australian Commodity Traders Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
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- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- The University of Queensland
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- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
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- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Parliament of New Zealand
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- San Jose City I Power Corp, Philippines
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- Sree Jayajothi Cements Limited - India
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