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Tuesday, 22 December 09
NEWCASTLE COAL SHIP QUEUE LONGEST IN TWO YEARS AS EXPORTS SLOW


Bloomberg reported that, the queue of coal ships waiting at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, stretched to its longest in more than two years as exports slowed for a second week.

Sixty ships, waiting to load 4.2 million tons of coal, were outside the harbor at 7 a.m. local time yesterday, up from 52 vessels a week earlier, Newcastle Port Corp. said on its Web site. The queue is the longest since July 2007.

The volume exported last week fell 1.1 percent to 1.91 million metric tons, after slipping 0.1 percent the week before. Coal ships queued for an average 13.2 days, up from 11.7 days the week before, the port said. The waiting time compared with 0.1 days for general-cargo vessels.

Power-station coal prices at Newcastle, a benchmark for Asia, rose 1.5 percent to $81.06 a ton for the week ended Dec. 18, the first gain in four weeks, according to the globalCOAL NEWC Index.

Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through the harbor.
Source: Bloomberg



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Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
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Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...


Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...


Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...


Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...


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