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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, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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- New Zealand Coal & Carbon
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- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
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- MS Steel International - UAE
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- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
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- Australian Coal Association
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- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
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- Anglo American - United Kingdom
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- Baramulti Group, Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
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- Directorate General of MIneral and Coal - Indonesia
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- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
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- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
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- Bukit Baiduri Energy - Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- Attock Cement Pakistan Limited
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- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
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- Energy Development Corp, Philippines
- Economic Council, Georgia
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- Wood Mackenzie - Singapore
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- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
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- Latin American Coal - Colombia
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- Minerals Council of Australia
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- Simpson Spence & Young - Indonesia
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- Power Finance Corporation Ltd., India
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- Goldman Sachs - Singapore
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- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
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- Ministry of Transport, Egypt
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- AsiaOL BioFuels Corp., Philippines
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- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
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- Dalmia Cement Bharat India
- Indian Energy Exchange, India
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- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
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- Binh Thuan Hamico - Vietnam
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- Eastern Coal Council - USA
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- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
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- Edison Trading Spa - Italy
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