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Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES


Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent last week while the number of vessels waiting to load decreased.

The volume exported in the week ended 7 a.m. local time Aug. 31 was 1.96 million metric tons, compared with 1.59 million tons a week earlier, Newcastle Port Corp. said on its Web site. Forty-two ships, waiting to load 3.34 million tons of coal, were outside the harbor, down from a 20-month high of 50 vessels a week earlier.

Coal ships queued for an average 16 days to load, up from 13.4 days a week earlier, Newcastle Port said. The waiting time compared with 0.65 days for general cargo vessels, it said.

Power-station coal prices at Newcastle port, a benchmark for Asia, fell 2.3 percent to $70.36 a ton in the week ended Aug. 28, 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: Bloomberg.org



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Recent News

Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
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Monday, 28 September 09
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Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
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Saturday, 26 September 09
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Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...


Saturday, 26 September 09
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