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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, 14 August 17
THE FREIGHT MARKET CONTINUES ON AN UPWARD PATH
COALspot.com: The freight market was continued to rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positi ...
Monday, 14 August 17
IN A PARIS AGREEMENT WORLD, COAL WILL MEET GROWING ASIAN ENERGY NEEDS - BENJAMIN SPORTON
When providing 41% of the world’s electricity, 85% of global cement, 74% of the world’s steel and 60% of the world’s aluminum, co ...
Friday, 11 August 17
KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,280,000 Metric Tons of Bitumino ...
Friday, 11 August 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...
Thursday, 10 August 17
GLOBAL COAL PRODUCTION FELL SIGNIFICANTLY IN 2016 - IEA
COALspot.com: Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in Wor ...
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Showing 1971 to 1975 news of total 6871 |
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- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- India Bulls Power Limited - India
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- The University of Queensland
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- London Commodity Brokers - England
- Independent Power Producers Association of India
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- Minerals Council of Australia
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- Dalmia Cement Bharat India
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- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Ministry of Mines - Canada
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- Toyota Tsusho Corporation, Japan
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- Australian Coal Association
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- GMR Energy Limited - India
- Commonwealth Bank - Australia
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- Oldendorff Carriers - Singapore
- Planning Commission, India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Sakthi Sugars Limited - India
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- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
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- Therma Luzon, Inc, Philippines
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- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
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- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
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- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
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- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
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- Samtan Co., Ltd - South Korea
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- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
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- Intertek Mineral Services - Indonesia
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- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
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- Ministry of Finance - Indonesia
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- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
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- Economic Council, Georgia
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- Central Electricity Authority - India
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- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
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- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
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- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
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- Sical Logistics Limited - India
- Parliament of New Zealand
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- Pipit Mutiara Jaya. PT, Indonesia
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- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
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- Eastern Energy - Thailand
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- White Energy Company Limited
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