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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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Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Global Coal Blending Company Limited - Australia
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- Parliament of New Zealand
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- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
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- Mercator Lines Limited - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
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- Meralco Power Generation, Philippines
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- Alfred C Toepfer International GmbH - Germany
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- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Indian Energy Exchange, India
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- Essar Steel Hazira Ltd - India
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- Semirara Mining and Power Corporation, Philippines
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- Indian Oil Corporation Limited
- Wilmar Investment Holdings
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- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
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- Formosa Plastics Group - Taiwan
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
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- Pipit Mutiara Jaya. PT, Indonesia
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- The State Trading Corporation of India Ltd
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- Bukit Baiduri Energy - Indonesia
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- Marubeni Corporation - India
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- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
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- Bulk Trading Sa - Switzerland
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- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
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- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
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- Planning Commission, India
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- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
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- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
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- Australian Coal Association
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- LBH Netherlands Bv - Netherlands
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- Georgia Ports Authority, United States
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- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
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