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Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the number of vessels waiting to load rose.
The volume exported in the week ended 7 a.m. local time yesterday decreased to 1.52 million metric tons from 1.8 million tons a week earlier,
Newcastle Port Corp. said on its Web site. A total of 39 ships, waiting to load 3.1 million tons of coal, were outside the harbor.
Coal ships queued for an average 13.4 days to load, up from 11.1 days a week earlier, Newcastle Port said. The waiting time compared with 0.4 days for general cargo vessels, it said.
A total of 19 vessels carrying coal left Newcastle in the week ended June 20, Newcastle Port said today in an e-mailed report. Eleven ships were bound for Japan, five for Korea, two for China and one for Mexico, it said.
Power-station coal prices at Newcastle port, a benchmark for Asia, fell 7.7 percent to $70.81 a metric ton in the week ended June 19, according to the globalCOAL NEWC Index. It was the first decline since the week ended May 15.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.
Source: Bloomberg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=axZag9kIyijk)
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Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal ...
Monday, 29 June 09
INDONESIA PLANS 20 PCT FOREIGN MINING SALE LAW
Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but m ...
Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-dem ...
Monday, 29 June 09
GOVERNMENT FINE TUNES MINING LAW
The government is planning to require all foreign-owned mining companies to divest 20 percent of their businesses to local entities after five years ...
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- Manunggal Multi Energi - Indonesia
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- Metalloyd Limited - United Kingdom
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- McConnell Dowell - Australia
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- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
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- MS Steel International - UAE
- Trasteel International SA, Italy
- Marubeni Corporation - India
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- Sindya Power Generating Company Private Ltd
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- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
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- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
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- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
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- Heidelberg Cement - Germany
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- Ministry of Mines - Canada
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- Bangladesh Power Developement Board
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- Directorate General of MIneral and Coal - Indonesia
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- Planning Commission, India
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- Mjunction Services Limited - India
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