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Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL


Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacity in Australia within two years to boost its ability to ship the energy fuel.

Investment in the Hunter Valley infrastructure will support port and rail expansions in New South Wales state designed to increase output, spokeswoman Claire Divver said today by e-mail. The trains will ship alongside Xstrata’s existing contracts with haulage company Pacific National, Divver said.

“We entered into a commitment to procure rolling stock and commence haulage operations from 2011,” she said. “This will provide greater security of supply to coal-chain capacity.”

The Zug, Switzerland-based company, along with rivals BHP Billiton Ltd. and Rio Tinto Group, is seeking to increase output in the Hunter Valley through Newcastle Port to meet rising demand in Asia. BHP last week agreed a plan with New South Wales to increase cargo-handling efficiency at Newcastle, the world’s biggest export harbor for power station coal.

Coal exports from Newcastle may double from the output of 91 million metric tons a year now, Port Waratah Coal Services Ltd., operator of the site’s two terminals, said on Sept. 18. Xstrata has 13 mines in New South Wales, its Web site shows. Pacific National is owned by port and rail operator Asciano Ltd.
Source: Bloomberg



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Recent News

Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...


Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...


Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
Antara reported that, Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finish ...


Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...


Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
COALspot.com (India): MMTC has re-issued a tender to import 12.50 Million Metric Tonnes (12.50 MMT) (+/- 2%) of thermal coal to be supplied over a p ...


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