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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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Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- Directorate Of Revenue Intelligence - India
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- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- MS Steel International - UAE
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
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- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Deloitte Consulting - India
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- Port Waratah Coal Services - Australia
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- New Zealand Coal & Carbon
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- Merrill Lynch Commodities Europe
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- Indian Oil Corporation Limited
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- White Energy Company Limited
- Siam City Cement - Thailand
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
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- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
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- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
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- Power Finance Corporation Ltd., India
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- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
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- European Bulk Services B.V. - Netherlands
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
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- Minerals Council of Australia
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- Kalimantan Lumbung Energi - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Coal Blending Company Limited - Australia
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- Economic Council, Georgia
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- ICICI Bank Limited - India
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- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
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- Price Waterhouse Coopers - Russia
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- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
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- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
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- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
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- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
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- Grasim Industreis Ltd - India
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