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Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
 Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November from a year ago when the average price of the fuel was more than a quarter higher.
Shipments fell to 5.64 million metric tons in November from 6.37 million tons a year earlier, according to data posted on the terminal’s Web site today. The terminal exported 6.75 million tons in October.
The terminal is the biggest exporter of power plant coal to Europe and is owned by South Africa’s largest coal exporters, including BHP Billiton Ltd., Anglo American Plc and Xstrata Plc.
At its November shipment rate, the Richards Bay terminal will export 60.6 million tons of coal this year, compared with capacity of 76 million tons and shipments of 61.79 million tons last year.
Coal transported to the port by rail in November was 8 percent lower than the same month a year earlier, while stocks of the fuel at the end of the month were 10 percent lower than at the same point in October.
Coal shipped through the port averaged about $66.03 a ton in November, compared with $90.46 a year earlier, according to data by Hampshire-based McCloskey Group Ltd. on Bloomberg. The fuel traded at $66.90 a ton in the week ended Nov. 27.
The number of trains that arrived during November was 653 while the number of vessels loaded was 61, according to the terminal’s Web site.
Source: Bloomberg
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Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
...
Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
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