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Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
 Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month low of 3.92 million metric tons in April.
Shipments fell from 4.55 million tons in the same month a year earlier, the terminal said, without giving reasons for the decline. Last month the facility exported 5.66 million tons.
There weren’t any problems at the port that may have accounted for the drop in exports, Raymond Chirwa, the terminal’s chief executive officer, said in an interview from the port on South Africa’s north east coast today. “We are just at the receiving end,” he said.
The terminal is Europe’s biggest source of coal burned for power and is owned by South Africa’s largest exporters of the fuel, including BHP Billiton Ltd., Anglo American Plc and Xstrata Plc. Prices for coal shipped through the port rose to their highest in almost 18 months, advancing 5.5 percent to $95.75 a ton, in the week ended April 30, according to IHS McCloskey
At the shipment rate so far this year, the terminal will export 56.8 million tons of coal for all of 2010, compared with its capacity of 91 million tons. Shipments came to 61.14 million tons in 2009.
During March, 5.61 million tons of coal arrived at the port by rail compared with 5.23 million tons a year earlier. Fifty- two ships docked at the port and 755 trains arrived laden with coal during the month.
Stocks were 4.62 million tons as of April 30.
Shipments from Richard’s Bay may be affected by a strike by employees of Transnet Ltd., the national ports and rail company, that is due to start on May 10. The company is in talks with labor unions in a bid to avert the labor action.
Source: Bloomberg ( By : Antony Sguazzin )
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Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
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- Electricity Generating Authority of Thailand
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- Anglo American - United Kingdom
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- Price Waterhouse Coopers - Russia
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