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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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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
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- Australian Commodity Traders Exchange
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- The University of Queensland
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- Economic Council, Georgia
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- Energy Link Ltd, New Zealand
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- Australian Coal Association
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- Intertek Mineral Services - Indonesia
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- Trasteel International SA, Italy
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- McConnell Dowell - Australia
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- Eastern Coal Council - USA
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- Altura Mining Limited, Indonesia
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- Tamil Nadu electricity Board
- White Energy Company Limited
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- Metalloyd Limited - United Kingdom
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- Sree Jayajothi Cements Limited - India
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- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
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- Banpu Public Company Limited - Thailand
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- Bulk Trading Sa - Switzerland
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- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
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- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
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- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
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- Parry Sugars Refinery, India
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- Cement Manufacturers Association - India
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- Ministry of Transport, Egypt
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- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
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- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
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- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
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- Borneo Indobara - Indonesia
- Deloitte Consulting - India
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- Merrill Lynch Commodities Europe
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- Minerals Council of Australia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
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