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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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Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
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 ...
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- Timah Investasi Mineral - Indoneisa
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- New Zealand Coal & Carbon
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Posco Energy - South Korea
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- Port Waratah Coal Services - Australia
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- Economic Council, Georgia
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- Meenaskhi Energy Private Limited - India
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- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
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- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
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- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Intertek Mineral Services - Indonesia
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- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
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- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
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- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Trasteel International SA, Italy
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- Binh Thuan Hamico - Vietnam
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