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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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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
Monday, 04 June 12
MITRABAHTERA SUBSIDIARY SECURES CONTRACT FROM BERAU COAL - INSIDER STORIES
Insider Stories reported that, PT Mitra Alam Segara Sejati, a subsidiary that is 60% owned by PT Mitrabahtera Segara Sejati Tbk (MBSS), has secur ...
Sunday, 03 June 12
TTI ESTABLISHES COAL TRADING & MARKETING OFFICE
COALspot.com - TTI has officially established its coal trading, marketing-office in Jakarta, Indonesia. PT. Gunung Tinggi Coal is the TTI’s fi ...
Sunday, 03 June 12
FREIGHT MARKET CONTINUING ITS DECLINE
COALspot.com - The BDI continued to fall for the fifth straight week and the BDI fell by 2.57 pct this week closing at 904 points.
The Cape Size ...
Friday, 01 June 12
TNPL HAS SECURED 300K MT OF 6000 GAD COAL AT US$ 81 CNF TUTICORIN
COALspot.com - An India based coal trader Adani has offered the lowest price of US$ 81.00 per metric ton for calorific value of 6000 GAD and 15 perc ...
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- Oldendorff Carriers - Singapore
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- The University of Queensland
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
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- European Bulk Services B.V. - Netherlands
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- Central Electricity Authority - India
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- Directorate General of MIneral and Coal - Indonesia
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- Interocean Group of Companies - India
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- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
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- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
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- GN Power Mariveles Coal Plant, Philippines
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- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
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- Heidelberg Cement - Germany
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- Planning Commission, India
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- Singapore Mercantile Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Indian Oil Corporation Limited
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
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- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
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- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Economic Council, Georgia
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- Trasteel International SA, Italy
- Electricity Authority, New Zealand
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- CNBM International Corporation - China
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- Bulk Trading Sa - Switzerland
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- Therma Luzon, Inc, Philippines
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- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
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- Africa Commodities Group - South Africa
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- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
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- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
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- Australian Coal Association
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- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
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- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
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- Eastern Coal Council - USA
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- White Energy Company Limited
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