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Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Exports rose to 5.52 million metric tons from 5.15 million tons in the same month a year earlier, the terminal said in an e-mailed response to questions today, without giving reasons for the increase. In May the port shipped 3.76 million tons, a 16-month low.
Prices of coal exported from the port rose to the highest in more than four months in June. The fuel climbed to $65.30 a ton in the week ended June 12, according to Hampshire, England-based market researcher McCloskey Group Ltd. That’s the highest since the week ended Feb. 20 when the price was $68.35 a ton.
The terminal on South Africa’s northeastern coast 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.
At its current shipment rate Richards Bay will export 56.3 million tons of coal this year compared with a capacity of 76 million tons and actual shipments of 61.79 million tons last year.
Stockpiles declined to 4.05 million tons as of June 30 from 4.32 million tons at the end of May. Seventy-three ships were loaded during the month and 680 trains arrived at the facility, RBCT said. It received 5.25 million tons of the fuel by rail.
Source: Bloomberg
(http://www.bloomberg.com/apps/news?pid=20601116&sid=a3rtWBRAi_aE)
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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
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- Romanian Commodities Exchange
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