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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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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Ministry of Mines - Canada
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- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
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- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
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- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
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- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
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- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
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- Planning Commission, India
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- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
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- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
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- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
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- PowerSource Philippines DevCo
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- Edison Trading Spa - Italy
- Australian Coal Association
- Therma Luzon, Inc, Philippines
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- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
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- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
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- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- The Treasury - Australian Government
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- Price Waterhouse Coopers - Russia
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- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
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- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Indian Energy Exchange, India
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- ICICI Bank Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
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- Baramulti Group, Indonesia
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- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
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- Ministry of Transport, Egypt
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- Bayan Resources Tbk. - Indonesia
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- Georgia Ports Authority, United States
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