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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 the first quarter of next year, as many as three months later than expected.
The terminal’s capacity “will be 81 million tons by the end of this month, progressing towards 91 million tons during the first quarter of next year,” Chief Executive Officer Raymond Chirwa said in an e-mailed statement today. The terminal’s capacity now is 76 million tons a year.
Richards Bay, Africa’s largest coal export terminal, said on June 15 that it had postponed the completion date of the expansion until the fourth quarter. More than 80 percent of its coal exports are destined for Europe and the Indian sub- continent, according to Chirwa.
At its November shipment rate, the terminal will export 60.6 million tons of coal this year, down from 61.79 million tons in 2008.
Richards Bay, located on South Africa’s eastern coast, is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. While it is the world’s largest coal-export terminal, the Australian port of Newcastle ships more of the fuel from two terminals.
Source: Bloomberg
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Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee ...
Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
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- Borneo Indobara - Indonesia
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- GVK Power & Infra Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Altura Mining Limited, Indonesia
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- Samtan Co., Ltd - South Korea
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