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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, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
Friday, 13 November 20
SHIPPING OUTLOOK TURNS STABLE ON EBITDA GROWTH, IMPROVING SUPPLY-DEMAND BALANCE - MOODY’S
Outlook revised to stable from negative.
The global shipping industry is on course to perform better overall than we had previously ex ...
Friday, 13 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and ...
Monday, 09 November 20
SOUTH AFRICA: COAL MARKET CONDITIONS HAVE ' DETERIORATED MATERIALLY' - IEEFA
The Asian seaborne thermal coal pool is drying out
Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine i ...
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- Sojitz Corporation - Japan
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- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
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- ICICI Bank Limited - India
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- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
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- Kepco SPC Power Corporation, Philippines
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- The University of Queensland
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- Coal and Oil Company - UAE
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
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- Pipit Mutiara Jaya. PT, Indonesia
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- Global Business Power Corporation, Philippines
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- Edison Trading Spa - Italy
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- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
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- Kumho Petrochemical, South Korea
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- Bharathi Cement Corporation - India
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- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
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- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
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- Australian Commodity Traders Exchange
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- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
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- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
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- Planning Commission, India
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- Petrochimia International Co. Ltd.- Taiwan
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- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
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