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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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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
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