South Africa will not be able to reach its 65 million tonnes of coal exporting expectations for 2010 due to the transport strike that has crippled rail and ports. This is according to the Richards Bay Coal Terminal (RBCT). RBCT Chief Executive Raymond Chirwa is quoted saying: “On average we could be receiving 1.3-1.4 million [...]
Continue reading "South Africa Negative on 2010 Coal Export Goal"
Tuesday, August 4, 2009
Coal exports at Australia’s Newcastle port, the world’s largest coal export terminal, slipped 10 percent in the past week, while ship queues eased to below 40 as a new export quota system kicked in, data showed on Wednesday. For full story, click here
Continue reading "Australia's NewCastle Coal Port Exports dipped 10%"
Wednesday, April 29, 2009
Red Hill Energy (CVE:RH) announced today that their 100% owned Ulaan Ovoo coal project in Mongolia received a positive pre-feasibilty study. The study shows at a coal price of $76US/tonne, an after tax and royalty NPV of $US250 million with a discount rate of 10%.
Continue reading "Red Hill Energy study shows NPV of $250m"
Tuesday, March 17, 2009
China has discovered a new coal field containing more than 13 billion tonnes of proven coal reserves in the northwestern region of Xinjiang, the China News Service reported on Monday. The 1,400 square-kilometre Sha'erhu coal field, located in the county of Shanshan in eastern Xinjiang
Continue reading "China increases coal imports"
Thursday, March 12, 2009
A dip in the contract price of coal by 40 per cent is being shrugged off by the industry. However, it will make a multi-billion-dollar dent in national export revenues. PricewaterhouseCoopers mining analyst, Tim Goldsmith, said: You’ve got to look at the fact that last year prices pretty much doubled and in some cases tripled. [...]
Continue reading "Coal industry remain unaffected by price drop"
Sunday, February 22, 2009
Philippine coal producer Semirara Mining Corporation plans to export 2.5 million tones of coal this year. For more information, click here For company’s website, click here
Continue reading "Semirara to export 2.5 million tones of coal in 2009"
Friday, February 13, 2009
We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.
Continue reading "Coal: Bullish On The Long Term"
Wednesday, January 28, 2009
There’s no denying the worldwide recession has led to global cutbacks in the demand for most commodities, coal included. Coal producers like Peabody Energy have been forced to curtail production as demand slumps from both the steel industry and the energy sector.
Continue reading "Will Peabody ride the coal bull again?"
Thursday, January 15, 2009
Supply and demand of coal is expected to be a bit more important in 2009, with the almost irrational movement along with crude oil turning out to be less of an influence.
Continue reading "Coal and Oil – the Rise and Fall"
Friday, January 2, 2009
China will soon issue half of its 2009 coal export quotas as well as the third and final batch of 2008 quotas, several trade sources said. For full story, click here
Continue reading "China to issue half of 09 coal export quotas-trade"
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Thursday, May 27, 2010