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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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Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...
Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
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- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
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- Economic Council, Georgia
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- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
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- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
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- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
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- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
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- Dalmia Cement Bharat India
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- Holcim Trading Pte Ltd - Singapore
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- Ministry of Finance - Indonesia
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- Minerals Council of Australia
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- Marubeni Corporation - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
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- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
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- Mjunction Services Limited - India
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- Sical Logistics Limited - India
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- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
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- Sindya Power Generating Company Private Ltd
- The University of Queensland
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- Power Finance Corporation Ltd., India
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- Merrill Lynch Commodities Europe
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- Kobexindo Tractors - Indoneisa
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- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
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- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
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- Global Green Power PLC Corporation, Philippines
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- Price Waterhouse Coopers - Russia
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- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
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- Thai Mozambique Logistica
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- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
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- White Energy Company Limited
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
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- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
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- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
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- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
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- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
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- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- SMC Global Power, Philippines
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- Kartika Selabumi Mining - Indonesia
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- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
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