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Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the queue of vessels waiting to load shortened. The volume exported in the week ended 7 a.m. local time yesterday climbed to 1.83 million metric tons from 1.77 million tons in the preceding period, Newcastle Port Corp. said on its Web site. Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that export the fuel from the harbor.
| “coal prices at Australia’s Newcastle port, an Asian benchmark, declined 0.7 percent, falling for the first time in four weeks” |
Fifty-five ships, waiting to load 4.5 million tons of coal, were outside the harbor, down from 58 a week earlier. The queue reached 60 vessels in December, the longest since July 2007.
Coal ships queued to load for an average of 15.79 days, from 17.86 days a week earlier, Newcastle Port said. The waiting time compared with 0.61 day
for general-cargo vessels.
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, declined 0.7 percent, falling for the first time in four weeks. Prices fell to $98.53 a ton in the week ended Jan. 29, according to the globalCOAL NEWC Index.
Source: Bloomberg / Hellenic Shipping News
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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
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- Coal and Oil Company - UAE
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- TeaM Sual Corporation - Philippines
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- Wood Mackenzie - Singapore
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- Minerals Council of Australia
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- IHS Mccloskey Coal Group - USA
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