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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, 24 February 17
RUSSIAN OIL AND GAS WITHSTANDS OIL PRICE SHOCK - FITCH RATINGS
Fitch Ratings says in a new report that the Russian oil and gas sector has withstood the oil price stock of 1H16. Key events of 2016 include record ...
Friday, 24 February 17
US WEEKLY COAL OUTPUT ESTIMATED AT 16.8 MMST - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Thursday, 23 February 17
ULTRA SUPRAMAX: INDONESIA TO INDIA IS GETTING AROUND $10-11K BASIS SINGAPORE DELIVERY
Supramax
The week started off quietly in the Atlantic with more activity in the Pacific basin.
According to Fearnleys weekly report, frontha ...
Wednesday, 22 February 17
TANKER MARKET INSIGHT - KATERINA RESTIS
In 2016 a session of the IMO committee in London, set the new prerequisites effective from January 2020, which will necessitate global Sulphur cont ...
Tuesday, 21 February 17
INDIA'S JANUARY COAL IMPORTS DECLINE 21.7 PERCENT YEAR -ON-YEAR TO 14.31 MT - PTI
Coal imports declined by 21.7 per cent to 14.31 million tonnes in January as the power utilities did not lift much fuel due to abundant stock avail ...
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- White Energy Company Limited
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- Siam City Cement PLC, Thailand
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
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- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
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- Economic Council, Georgia
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- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
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- Chettinad Cement Corporation Ltd - India
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- Trasteel International SA, Italy
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- The Treasury - Australian Government
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- Energy Development Corp, Philippines
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- Indian Oil Corporation Limited
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- Vedanta Resources Plc - India
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- Directorate General of MIneral and Coal - Indonesia
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- ICICI Bank Limited - India
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- Straits Asia Resources Limited - Singapore
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- New Zealand Coal & Carbon
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- Goldman Sachs - Singapore
- Ministry of Mines - Canada
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- Energy Link Ltd, New Zealand
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- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
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- Coal and Oil Company - UAE
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- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
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- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
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- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- The University of Queensland
- European Bulk Services B.V. - Netherlands
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- Pipit Mutiara Jaya. PT, Indonesia
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- India Bulls Power Limited - India
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- IHS Mccloskey Coal Group - USA
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- Power Finance Corporation Ltd., India
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- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
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- Attock Cement Pakistan Limited
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- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
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