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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, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
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- Renaissance Capital - South Africa
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- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
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- Indian Energy Exchange, India
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- Anglo American - United Kingdom
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- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
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- Ministry of Finance - Indonesia
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- San Jose City I Power Corp, Philippines
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- GAC Shipping (India) Pvt Ltd
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- Simpson Spence & Young - Indonesia
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- Africa Commodities Group - South Africa
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- The State Trading Corporation of India Ltd
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- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
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- Jaiprakash Power Ventures ltd
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- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
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- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Orica Australia Pty. Ltd.
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- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
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- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
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- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Australian Coal Association
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- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
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- Maharashtra Electricity Regulatory Commission - India
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- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
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- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
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- Eastern Coal Council - USA
- London Commodity Brokers - England
- Malabar Cements Ltd - India
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- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
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- Sical Logistics Limited - India
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- McConnell Dowell - Australia
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- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
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- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
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- Altura Mining Limited, Indonesia
- The University of Queensland
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- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
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