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Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG


Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ships waiting outside the port increased.

The volume shipped in the week ended 7 a.m. local time June 1 rose to 1.9 million metric tons from 1.59 million tons a week earlier, Newcastle Port Corp. said today on its Web site. A total of 40 ships, waiting to load 3 million tons of coal, were lined up outside the port, up from 35 ships last week.

Coal ships waited 9.7 days to load coal, down from 9.8 days a week earlier, Newcastle Port said. The waiting time compared with 1.1 days for general cargo vessels last week, it said.

Twenty-two vessels carrying coal left Newcastle in the week ended May 30, Newcastle Port said yesterday in an e-mailed report. Twelve ships were bound for Japan, six were bound for China, and one each for the Netherlands, Korea, Mexico and Taiwan.

The weekly price index for power-station coal shipped from Newcastle last week rose 3.5 percent to $67.09 a ton, the highest since the week ended Feb. 20, according to the globalCOAL NEWC index.

Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.

Source: http://www.bloomberg.com/apps/news?pid=20601081&sid=aIILp0uj49Z8&refer=australia



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Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...


Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...


Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...


Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...


Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...


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