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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, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- White Energy Company Limited
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- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
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- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
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- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
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- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
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- PTC India Limited - India
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- Gujarat Mineral Development Corp Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
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- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
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- Carbofer General Trading SA - India
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- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
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- Australian Coal Association
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- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
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- SMC Global Power, Philippines
- Indian Oil Corporation Limited
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- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
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- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
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- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
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- Renaissance Capital - South Africa
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- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
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- GMR Energy Limited - India
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- Siam City Cement - Thailand
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- Parliament of New Zealand
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- Indian Energy Exchange, India
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- Economic Council, Georgia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
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- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
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- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
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- Marubeni Corporation - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
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- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
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- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
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- Directorate General of MIneral and Coal - Indonesia
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- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
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- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
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- The State Trading Corporation of India Ltd
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