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Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ships waiting outside the port increased.
The volume shipped in the week ended 7 a.m. local time June 1 rose to 1.9 million metric tons from 1.59 million tons a week earlier, Newcastle Port Corp. said today on its Web site. A total of 40 ships, waiting to load 3 million tons of coal, were lined up outside the port, up from 35 ships last week.
Coal ships waited 9.7 days to load coal, down from 9.8 days a week earlier, Newcastle Port said. The waiting time compared with 1.1 days for general cargo vessels last week, it said.
Twenty-two vessels carrying coal left Newcastle in the week ended May 30, Newcastle Port said yesterday in an e-mailed report. Twelve ships were bound for Japan, six were bound for China, and one each for the Netherlands, Korea, Mexico and Taiwan.
The weekly price index for power-station coal shipped from Newcastle last week rose 3.5 percent to $67.09 a ton, the highest since the week ended Feb. 20, according to the globalCOAL NEWC index.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.
Source: http://www.bloomberg.com/apps/news?pid=20601081&sid=aIILp0uj49Z8&refer=australia
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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
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