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Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
 Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, slid the most in 11 weeks on speculation global prices were too high.
Export prices at the port fell $2.90, or 4.5 percent, to an average of $61.15 a metric ton in the four days to Sept. 4, according to McCloskey Group Ltd. That was the biggest weekly slide since the week ended June 19 and the lowest price in two months. No prices were collected on Aug. 31, a national holiday in the U.K. Delivered prices to northwest Europe dropped 6.3 percent, McCloskey data show.
“People would argue that prices were too high, considering where demand was against supply,” John Howland, an analyst at Petersfield, England-based McCloskey, said today by telephone. Markets around the world have “softened,” he said.
Demand for coal weakened as the worsening world economy spurred companies to cut output, reducing the need for power. The 16-nation euro-zone economy contracted in each of the three quarters through June from a year earlier. The 27-country European Union, which burns coal for about 30 percent of its energy, usually gets more of the fuel from South Africa than any other source. U.K. generators’ coal stockpiles rose to a second straight monthly record in June, government statistics show.
Indian Customers
Richards Bay exported 5.59 million tons of coal in August, 5.9 percent more than a year earlier, the terminal said in an e- mailed response to questions on Sept. 3. Indian customers have bolstered demand. The country faces a coal shortage while planning to almost double power-generation capacity in the five years to March 2012.
At its current shipment rate, Richards Bay will export 58.5 million tons of coal in 2009, compared with capacity of 76 million tons and shipments of 61.79 million tons last year. The terminal, on South Africa’s northeastern coast, is owned by the country’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc.
South Africa may export less than 65 million tons of coal this year, Dirk Fourie, Wood Mackenzie’s vice president of consulting for Africa, told the Coaltrans conference in Johannesburg today. National exports may rise to 100 million tons a year by 2020, Xavier Prevost, an independent coal analyst at XMP Consulting, said today in a speech in Johannesburg.
Indonesia, the biggest exporter of power coal in 2007, may produce 240 million tons this year, and output may increase by 20 million to 30 million tons annually, Purnomo Yusgiantoro, the country’s energy and mineral resources minister, told reporters in New Delhi today. About 60 percent of Indonesia’s coal production may be exported, the minister said.
Power station coal prices at the Australian port of Newcastle, a benchmark for Asia, fell 5.8 percent to $66.30 a ton in the week to Sept. 4, according to the globalCOAL NEWC Index. While Richards Bay is the world’s biggest coal-export terminal, Newcastle ships more of the fuel from two terminals.
Source: Bloomberg
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Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
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- GMR Energy Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
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- Planning Commission, India
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- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
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- Eastern Coal Council - USA
- Sojitz Corporation - Japan
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- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
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- Merrill Lynch Commodities Europe
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- New Zealand Coal & Carbon
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- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
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- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
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- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
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- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
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- Sical Logistics Limited - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Global Green Power PLC Corporation, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
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- Directorate Of Revenue Intelligence - India
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- Larsen & Toubro Limited - India
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- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
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- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- White Energy Company Limited
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- Minerals Council of Australia
- Global Business Power Corporation, Philippines
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- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
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- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
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- Ministry of Transport, Egypt
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- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Economic Council, Georgia
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- IEA Clean Coal Centre - UK
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- SMC Global Power, Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- Georgia Ports Authority, United States
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- Independent Power Producers Association of India
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- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
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- Makarim & Taira - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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