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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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Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
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- Wood Mackenzie - Singapore
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- GVK Power & Infra Limited - India
- Economic Council, Georgia
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- Bhoruka Overseas - Indonesia
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- Price Waterhouse Coopers - Russia
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- Baramulti Group, Indonesia
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- IEA Clean Coal Centre - UK
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- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
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- Oldendorff Carriers - Singapore
- The University of Queensland
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
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- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
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- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
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- Madhucon Powers Ltd - India
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- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
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- European Bulk Services B.V. - Netherlands
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- Energy Link Ltd, New Zealand
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- London Commodity Brokers - England
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- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
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- Attock Cement Pakistan Limited
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- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
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- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
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- Medco Energi Mining Internasional
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- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
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- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
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- Electricity Generating Authority of Thailand
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- Thiess Contractors Indonesia
- Romanian Commodities Exchange
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- Borneo Indobara - Indonesia
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- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Australian Coal Association
- Marubeni Corporation - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
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- Global Green Power PLC Corporation, Philippines
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- SMG Consultants - Indonesia
- India Bulls Power Limited - India
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- Aditya Birla Group - India
- Mercator Lines Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Karbindo Abesyapradhi - Indoneisa
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- Georgia Ports Authority, United States
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- Neyveli Lignite Corporation Ltd, - India
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- TNB Fuel Sdn Bhd - Malaysia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
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- Petrochimia International Co. Ltd.- Taiwan
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- Metalloyd Limited - United Kingdom
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- Independent Power Producers Association of India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Sinarmas Energy and Mining - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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