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Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY


Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than in the same month a year ago.

Exports declined to 5.44 million metric tons from 5.61 million tons, the terminal said in an e-mailed response to questions today, without giving reasons for the fall. In June the port shipped 5.52 million tons.

Prices of coal exported from the port rose 3 percent to $63.10 a ton in the week ended July 31, according to Hampshire, England-based market researcher McCloskey Group Ltd.

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 59.9 million tons of coal this year compared with a capacity of 76 million tons and shipments of 61.79 million tons last year.

Stockpiles declined to 3.67 million tons as of July 31 from 4.05 million tons at the end of June. Seventy-two ships were loaded during the month and 606 trains arrived at the facility, RBCT said. It received 5.1 million tons of the fuel by rail.

Source: Bloomberg



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