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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, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
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- Alfred C Toepfer International GmbH - Germany
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- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
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- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
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- The University of Queensland
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- Eastern Coal Council - USA
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- Anglo American - United Kingdom
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- San Jose City I Power Corp, Philippines
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- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
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- Independent Power Producers Association of India
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- Bangladesh Power Developement Board
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- Electricity Authority, New Zealand
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- White Energy Company Limited
- Goldman Sachs - Singapore
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- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
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- Georgia Ports Authority, United States
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- Price Waterhouse Coopers - Russia
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- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
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- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
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- The State Trading Corporation of India Ltd
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- Rashtriya Ispat Nigam Limited - India
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- Mercator Lines Limited - India
- Parliament of New Zealand
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- Banpu Public Company Limited - Thailand
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- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Australian Coal Association
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
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- Holcim Trading Pte Ltd - Singapore
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- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
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- Petron Corporation, Philippines
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- New Zealand Coal & Carbon
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- Energy Link Ltd, New Zealand
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- London Commodity Brokers - England
- Parry Sugars Refinery, India
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- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
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- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
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- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
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- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
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- AsiaOL BioFuels Corp., Philippines
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