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Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG


Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in April. Exports from Newcastle port in New South Wales dropped 2.7 percent last week.

The volume exported from Dalrymple Bay last month was 6.01 million metric tons, the highest since July, North Queensland Bulk Ports said on its website today. About 80 percent of the coal exported from the facility is used for steelmaking.

Dalrymple Bay, owned by Prime Infrastructure Group, handles coal from as many as 18 mines in Queensland’s Bowen Basin region and customers include Rio Tinto Group and Xstrata Plc. The port completed a A$1.3 billion ($1.2 billion) expansion in July to boost annual capacity to 85 million tons. It exported 47 million tons in the year ended June 2009.

The volume exported from Newcastle in the week ended 7 a.m. local time yesterday dropped to 2 million metric tons from 2.1 million tons in the preceding period, Newcastle Port Corp. said on its website today.

Thirty-three vessels, waiting to load 2.87 million tons, were outside the harbor, up from 29 a week earlier. Coal ships waited to load for an average of 12.8 days, down from 13.61 days a week earlier, Newcastle Port said. That compares with 0.22 day for general-cargo vessels.

Newcastle is the world’s biggest export harbor for the fuel used in power stations. Rio Tinto, Xstrata, BHP Billiton Ltd. and Peabody Energy Corp are among mining companies that ship the fuel from the harbor.

Power-station coal prices at Newcastle, an Asian benchmark, declined 2.5 percent last week, according to the globalCOAL NEWC Index. Prices fell to $106.20 a ton from $108.87 in the week to May 7.
Source: Bloomberg



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