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Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE


Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 2009 went to Europe and 41 percent was shipped to Asia.

India received 29 percent and 2 percent went to China, Raymond Chirwa, the terminal’s chief executive officer, said in an e-mailed statement today. The terminal shipped 61.14 million metric tons last year.

“The significant changing factor is that the Asian market is growing while the European one is declining,” Chirwa said. The terminal didn’t give comparative figures for the year earlier.

Richards Bay, on South Africa’s northeastern coast, is owned by the country’s biggest coal exporters including Anglo American Plc, Xstrata Plc and BHP Billiton Ltd.
Source: Bloomberg



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