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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 $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Thursday, 14 August 14
INDIA'S PLAN TO START AN INFRASTRUCTURE BOOM AND TO INVEST US$ 1 TRILLION BY 2017 WILL SURELY AFFECT THE DRY BULK TRADE - FEARNLEYS
Handy
The Atlantic Supra market has continued its improving sentiment with rates climbing and TA´s are now up about US$ 900 w-o-w, said Fea ...
Wednesday, 13 August 14
WEEKLY MARKET INSIGHT - KONSTANTINOS KONTOMICHIS SNP BROKER
Being at the peak of the holiday season, August is, as usual, the quietest month in terms of snp transactions, yet it is also a time very critical ...
Wednesday, 13 August 14
WHAT DOES PROJECT CARGO REALLY MEAN TO INSURERS?
KNOWLEDGE TO ELEVATE
Richard Kamppari-Baker, claims manager of FP Marine Risks, explains the challenges of project cargo risk assessment from ...
Wednesday, 13 August 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN CLOSE TO 57 MONTHS LOWS
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price in August. HBA for the month of A ...
Monday, 11 August 14
LARGEST CHINESE TRADE SURPLUS EVER RECORDED IN JULY - BIMCO
China recorded a trade surplus of USD 47.3 billion in July 2014. The record high surplus came on the back of very strong export growth while import ...
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- Australian Coal Association
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- The University of Queensland
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- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Trasteel International SA, Italy
- Indian Energy Exchange, India
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- Romanian Commodities Exchange
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- Wilmar Investment Holdings
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- Metalloyd Limited - United Kingdom
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- Sical Logistics Limited - India
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- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
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- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
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- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
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- Leighton Contractors Pty Ltd - Australia
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- The Treasury - Australian Government
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- Parliament of New Zealand
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- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
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- GVK Power & Infra Limited - India
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- Intertek Mineral Services - Indonesia
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- Minerals Council of Australia
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- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
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- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
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- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
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- Planning Commission, India
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- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
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- Mercator Lines Limited - India
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- Australian Commodity Traders Exchange
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- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
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- Pendopo Energi Batubara - Indonesia
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- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
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- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
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- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Ambuja Cements Ltd - India
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- Ministry of Finance - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- Alfred C Toepfer International GmbH - Germany
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