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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 $66.90 a ton in the week ended Nov. 27.
The number of trains that arrived during November was 653 while the number of vessels loaded was 61, according to the terminal’s Web site.
Source: Bloomberg
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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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