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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, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
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- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
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- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
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- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
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- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
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- Banpu Public Company Limited - Thailand
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- Directorate Of Revenue Intelligence - India
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- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Economic Council, Georgia
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- Thai Mozambique Logistica
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- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Planning Commission, India
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- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
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- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
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- Mjunction Services Limited - India
- Parry Sugars Refinery, India
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- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
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- Global Green Power PLC Corporation, Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Ceylon Electricity Board - Sri Lanka
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- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
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- PowerSource Philippines DevCo
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- Videocon Industries ltd - India
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- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
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