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Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
 RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine months.
Shipments fell to 4.55 million metric tons in April from 5.97 million tons in the same month a year earlier, the terminal said in an e-mailed response to questions today. That’s the biggest drop since July last year, when they declined 26 percent. Stockpiles at the terminal climbed to 4.19 million tons, the highest since March 2007.
“It’s the market, its terrible,” Xavier Prevost, a coal analyst in South Africa, said in an interview from his mobile phone today. “With the prices most of the producers are not keen on actually exporting or selling too much coal.”
Prices of coal shipped from the terminal fell 44 percent Over the last year and traded at an average of $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
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- Chettinad Cement Corporation Ltd - India
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- Kepco SPC Power Corporation, Philippines
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- New Zealand Coal & Carbon
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- Planning Commission, India
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- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
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- GVK Power & Infra Limited - India
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- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
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- Malabar Cements Ltd - India
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- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
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- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
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- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
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- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
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- CNBM International Corporation - China
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- Renaissance Capital - South Africa
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- GAC Shipping (India) Pvt Ltd
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- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Australian Coal Association
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- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
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- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Parry Sugars Refinery, India
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- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
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- Therma Luzon, Inc, Philippines
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- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- The University of Queensland
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- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
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- Billiton Holdings Pty Ltd - Australia
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- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
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- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
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