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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, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Vedanta Resources Plc - India
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- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
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- Interocean Group of Companies - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
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- Merrill Lynch Commodities Europe
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- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Thiess Contractors Indonesia
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- SMC Global Power, Philippines
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- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
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- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- The University of Queensland
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
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- Directorate General of MIneral and Coal - Indonesia
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- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
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- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Indonesian Coal Mining Association
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- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
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- Indo Tambangraya Megah - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
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- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
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- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
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- New Zealand Coal & Carbon
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
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- Toyota Tsusho Corporation, Japan
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- Ministry of Finance - Indonesia
- Minerals Council of Australia
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- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
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