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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

Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...


Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...


Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...


Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...


Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring   ...


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