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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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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- London Commodity Brokers - England
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- Petrochimia International Co. Ltd.- Taiwan
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- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
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- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- CNBM International Corporation - China
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- White Energy Company Limited
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- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
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- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
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- Australian Commodity Traders Exchange
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- Merrill Lynch Commodities Europe
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- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
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- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
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- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
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- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
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- Siam City Cement - Thailand
- ASAPP Information Group - India
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- Neyveli Lignite Corporation Ltd, - India
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- The State Trading Corporation of India Ltd
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- Bhushan Steel Limited - India
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- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
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- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
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- Ministry of Finance - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Central Electricity Authority - India
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- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
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