We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
 Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first drop in five weeks as Europe’s recession cut demand for the fuel.
Richards Bay is the biggest single source of coal for Europe. The euro-region economy may shrink 4.5 percent this year, the World Bank said today, worse than its previous estimate of a 2.7 percent contraction. Companies from Germany’s Linde AG, the world’s second-biggest maker of industrial gases, to Charter International Plc, Europe’s biggest maker of welding gear, have cut output and jobs, reducing demand for power.
Export prices at Richards Bay declined $7.40, or 11 percent, to an average of $57.90 a metric ton in the week ended June 19, according to McCloskey Group Ltd. They have more than halved over the past 12 months.
“The main reason for that drop was European demand weakness,” Manqoba Madinane, an analyst with Standard Bank Group Ltd. in Johannesburg, said by phone today.
E.ON AG, Germany’s biggest utility, said coal stocks at its Kingsnorth power station in southeast England are at “almost full capacity,” spokesman Jonathan Smith said by phone today.
A 1.2 billion-rand ($147 million) expansion of Richards Bay Coal Terminal has been delayed until the fourth quarter after a risk assessment found the project wouldn’t be ready by July 1, Chief Operating Officer Raymond Chirwa said June 15.
Shipments vs Capacity
The terminal, located on South Africa’s eastern coast, will have an annual capacity of 91 million tons when the expansion is completed. At its current shipment rate, Richards Bay will export 54.2 million tons of coal this year, compared with its 76 million-ton capacity and actual shipments of 61.79 million tons last year.
Shipments fell to 3.76 million tons in May from 4.75 million tons a year earlier, the lowest level in 16 months. The terminal is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc.
Power-plant coal prices at Newcastle, Australia a benchmark for Asia, fell 7.7 percent to $70.81 in the week to June 19, according to the globalCOAL NEWC Index. While Richards Bay is the world’s biggest coal-export terminal, Newcastle ships more of the fuel from two terminals.
Benchmark European coal derivatives, used to bet on or hedge against future prices, declined. Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fell $3.50, or 4 percent, to $85 a ton by 11:05 a.m. in London, according to a composite figure compiled by Bloomberg.
The data are compiled from information supplied by ICAP Plc, GFI, Spectron Group Ltd., Tullett Prebon Plc, Credit Suisse Group AG, McCloskey Group Ltd., Bloomberg and TFS.
Source: Bloomberg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afzDslvcIZhI)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
|
|
|
Showing 6671 to 6675 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- MS Steel International - UAE
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
|
| |
| |
|
