Tuesday, 28 Feb 2012
According to Mongol Bank statistics, foreign trade turnover of Mongolia has reached USD 735.2 million in the end of January and it has grown by 32 percent in comparison of January, 2011.
Total export balance of trade has grown by 15.2 percent in comparison of January, 2011 and import balance of trade has grown by 42.1 percent. Import growth has influenced to foreign trade deficit that has been accounted USD 254.6 million.
Coal export has occupied 31.2% of total export and Mongolia has exported 21 million tons of coal to China. Also copper enrichment export has occupied 27.8%, iron ore 15.7% and crude oil 8.1% of total export.
Main export goods’ border prices have been increased by 11.8% and import goods’ prices have been increased by 49.1%. Export and import prices’ increases have influenced to foreign trade total goods circulation growth.
(sourced Mad-mongolia.com)
Showing posts with label coal exports. Show all posts
Showing posts with label coal exports. Show all posts
Tuesday, February 28, 2012
Monday, February 27, 2012
Port Kembla Coal Terminal workers resume work
Monday, 27 Feb 2012
It is reported that coal is being loaded again at the Port Kembla Coal Terminal after a weeks-long campaign of industrial action was called off on February 23rd 2012 and employees returned to work.
The industrial action came to an end after a deal was reached between coal terminal management and the Construction, Forestry, Mining and Energy Union over a new enterprise agreement.
The rolling stoppages shut down the terminal for seven days last week and more action had been planned.
But the deal means almost 100 employees are back at work and coal is again being loaded onto ships which had been waiting offshore.
It also means the threat by freight company Pacific National to stand down 61 Illawarra-based train drivers will not go ahead.
CFMEU district vice president Mr Bob Timbs said terminal management had agreed to a 4.5% pay rise per year for three years, plus job security provisions and the ability for all parts of the agreement to be arbitrated at Fair Work Australia if necessary.
Mr Timbs said that "From the outset, terminal workers themselves have driven this result; from deciding to take industrial action at the ballot through to showing the resolve in striking for their conditions.”
He added that "They offered to help out some of the smaller terminal users who were affected by the strike to avoid undue financial hardship."
Port Kembla Coal Terminal general manager Mr Peter Green welcomed the in-principle agreement and the end to the industrial action. He said he expected the CFMEU leadership would genuinely recommend the deal to members.
(Sourced from www.illawarramercury.com.au)
It is reported that coal is being loaded again at the Port Kembla Coal Terminal after a weeks-long campaign of industrial action was called off on February 23rd 2012 and employees returned to work.
The industrial action came to an end after a deal was reached between coal terminal management and the Construction, Forestry, Mining and Energy Union over a new enterprise agreement.
The rolling stoppages shut down the terminal for seven days last week and more action had been planned.
But the deal means almost 100 employees are back at work and coal is again being loaded onto ships which had been waiting offshore.
It also means the threat by freight company Pacific National to stand down 61 Illawarra-based train drivers will not go ahead.
CFMEU district vice president Mr Bob Timbs said terminal management had agreed to a 4.5% pay rise per year for three years, plus job security provisions and the ability for all parts of the agreement to be arbitrated at Fair Work Australia if necessary.
Mr Timbs said that "From the outset, terminal workers themselves have driven this result; from deciding to take industrial action at the ballot through to showing the resolve in striking for their conditions.”
He added that "They offered to help out some of the smaller terminal users who were affected by the strike to avoid undue financial hardship."
Port Kembla Coal Terminal general manager Mr Peter Green welcomed the in-principle agreement and the end to the industrial action. He said he expected the CFMEU leadership would genuinely recommend the deal to members.
(Sourced from www.illawarramercury.com.au)
Saturday, February 25, 2012
Mozambique to start work on Nacala coal terminal - PM
Saturday, 25 Feb 2012
Mozambique expects construction of a coal terminal to start in the next few months at the northern port of Nacala, with the aim of having it operational in two to three years.
Mozambique prime minister Mr Aires Aly told Reuters that "We need to have it up and running in the next two to three years.”
He expects Nacala to have a total capacity of 25 million tonnes of coal, including the planned terminal exclusively for coal.
Vale has said it plans to spend USD 4.4 billion to build the terminal and a 912 kilometer railway line connecting its coal mine with the port. The railway line and port will initially have a capacity of 18 million tonnes to meet Vale's rising demand for exports.
Separately, Japan is conducting a feasibility study, financed by its overseas aid, on improving the capacity and operation of the port, including terminals for coal.
(Sourced from Thomson Reuters)
Mozambique expects construction of a coal terminal to start in the next few months at the northern port of Nacala, with the aim of having it operational in two to three years.
Mozambique prime minister Mr Aires Aly told Reuters that "We need to have it up and running in the next two to three years.”
He expects Nacala to have a total capacity of 25 million tonnes of coal, including the planned terminal exclusively for coal.
Vale has said it plans to spend USD 4.4 billion to build the terminal and a 912 kilometer railway line connecting its coal mine with the port. The railway line and port will initially have a capacity of 18 million tonnes to meet Vale's rising demand for exports.
Separately, Japan is conducting a feasibility study, financed by its overseas aid, on improving the capacity and operation of the port, including terminals for coal.
(Sourced from Thomson Reuters)
Saturday, January 21, 2012
Vale unique new coal transfer method
Saturday, 21 Jan 2012
It is reported that Brazilian mining giant Vale, through its subsidiary Vale Mozambique has started with the process of transferring coal from small boats to ships out at sea a first for the company and a solution for loading large ships at the port of Beira.
Vale Mozambican subsidiary also said that the Green Phoenix the fifth ship to export the company coal and left the port recently carrying 37,600t of coal headed for the port of New Mangalore in India.
With this shipment, Vale has so far shipped 174,000 tonnes of coal mined at the Moatize mine through the port of Beira since it launched its operations in 2011.
The statement said the transfer operation made it possible not only to completely load some ships that cannot be entirely filled at the dock, but also makes it possible to load bigger Panamax and Capesize ships, which are unable to moor at the port of Beira because the access channel and berths are too shallow .
By the end of December Vale Mozambique had mined 620,000 tonnes of coal and exported 140,000 tonnes which were transported to the port of Beira along the Sena railroad.
(sourced Miningreview.com)
It is reported that Brazilian mining giant Vale, through its subsidiary Vale Mozambique has started with the process of transferring coal from small boats to ships out at sea a first for the company and a solution for loading large ships at the port of Beira.
Vale Mozambican subsidiary also said that the Green Phoenix the fifth ship to export the company coal and left the port recently carrying 37,600t of coal headed for the port of New Mangalore in India.
With this shipment, Vale has so far shipped 174,000 tonnes of coal mined at the Moatize mine through the port of Beira since it launched its operations in 2011.
The statement said the transfer operation made it possible not only to completely load some ships that cannot be entirely filled at the dock, but also makes it possible to load bigger Panamax and Capesize ships, which are unable to moor at the port of Beira because the access channel and berths are too shallow .
By the end of December Vale Mozambique had mined 620,000 tonnes of coal and exported 140,000 tonnes which were transported to the port of Beira along the Sena railroad.
(sourced Miningreview.com)
Tuesday, January 17, 2012
South African coal export prices decline most in four Weeks
Tuesday, 17 Jan 2012
Bloomberg reported that coal export prices at South Africa Richards Bay the continent biggest terminal for shipping the fuel declined the most in four weeks.
According to data on Bloomberg from IHS McCloskey prices fell 76 cents or 0.7% to an average USD 105.89 per tonne in the week ended January 13. That’s the steepest decrease since December 16. The price is quoted on a free-on-board basis, which excludes delivery costs.
(Sourced from Bloomberg)
Bloomberg reported that coal export prices at South Africa Richards Bay the continent biggest terminal for shipping the fuel declined the most in four weeks.
According to data on Bloomberg from IHS McCloskey prices fell 76 cents or 0.7% to an average USD 105.89 per tonne in the week ended January 13. That’s the steepest decrease since December 16. The price is quoted on a free-on-board basis, which excludes delivery costs.
(Sourced from Bloomberg)
Monday, January 16, 2012
Mongolia will export 30 million tonnes of coal this year
Monday, 16 Jan 2012
Mongolian specialists have predicted coal exports will be 24 million tonnes.
According to the National Statistics Office, coal accounts for 45% of all exports and earns about USD 2 billion annually.
Frontier Securities also estimated Mongolia copper export revenue at USD 1 billion and iron ore at 8 million tonnes and USD 500 million. In those numbers hold up, copper exports will be the same as in 2011 while iron ore will increase by 10%.
According to the World Bank and International Monetary Fund, economic growth in Mongolia will be 15.1% and inflation will reach 17%.
(sourced mad-mongolia.com)
Mongolian specialists have predicted coal exports will be 24 million tonnes.
According to the National Statistics Office, coal accounts for 45% of all exports and earns about USD 2 billion annually.
Frontier Securities also estimated Mongolia copper export revenue at USD 1 billion and iron ore at 8 million tonnes and USD 500 million. In those numbers hold up, copper exports will be the same as in 2011 while iron ore will increase by 10%.
According to the World Bank and International Monetary Fund, economic growth in Mongolia will be 15.1% and inflation will reach 17%.
(sourced mad-mongolia.com)
Tuesday, January 10, 2012
S.Africa 2011 Richards Bay coal exports rise 3.3%
Tue, Jan10, 2012
JOHANNESBURG (Reuters) - South Africa's coal exports from the Richards Bay terminal rose 3.3 percent to 65.5 million tonnes in 2011, the terminal's data showed on Monday, as improvements on the rail lines leading to the port started to pay off.
State-owned logistics group Transnet has been investing heavily to upgrade its lines and to invest in new wagons and locomotives, but export figures are still far below the coal terminal's expanded capacity of 91 million tonnes.
Coal producers in South Africa including Anglo American, BHP Billiton, Exxaro, Optimum Coal and Xstrata have been eager to export more coal to meet rising demand from India and China but have been limited by bottlenecks on the lines leading to the port.
Last week, South Africa's coal exporters provided a slightly lower 2011 export estimate of 64.6 million tonnes, a rise of 1.9 percent.
Transnet has said it will take until at least 2015 to be able to carry 81 million tonnes to the Richards Bay Coal Terminal (RBCT) each year.
The group also plans to free up an additional 14 million tonnes of capacity on the coal line by moving non-coal cargo to a new line via Swaziland.
Coal producers have begun to look beyond South Africa and explore export routes via Mozambique and Namibia, although the rail links or expansion at the relevant ports are still in the planning stage or would involve higher costs.
Coal stocks at the terminal stood at 3.3 million tonnes at the end of December, RBCT added.
(sourced Reuters)
JOHANNESBURG (Reuters) - South Africa's coal exports from the Richards Bay terminal rose 3.3 percent to 65.5 million tonnes in 2011, the terminal's data showed on Monday, as improvements on the rail lines leading to the port started to pay off.
State-owned logistics group Transnet has been investing heavily to upgrade its lines and to invest in new wagons and locomotives, but export figures are still far below the coal terminal's expanded capacity of 91 million tonnes.
Coal producers in South Africa including Anglo American, BHP Billiton, Exxaro, Optimum Coal and Xstrata have been eager to export more coal to meet rising demand from India and China but have been limited by bottlenecks on the lines leading to the port.
Last week, South Africa's coal exporters provided a slightly lower 2011 export estimate of 64.6 million tonnes, a rise of 1.9 percent.
Transnet has said it will take until at least 2015 to be able to carry 81 million tonnes to the Richards Bay Coal Terminal (RBCT) each year.
The group also plans to free up an additional 14 million tonnes of capacity on the coal line by moving non-coal cargo to a new line via Swaziland.
Coal producers have begun to look beyond South Africa and explore export routes via Mozambique and Namibia, although the rail links or expansion at the relevant ports are still in the planning stage or would involve higher costs.
Coal stocks at the terminal stood at 3.3 million tonnes at the end of December, RBCT added.
(sourced Reuters)
Monday, January 9, 2012
Update on Vale Mocambique coal mining and exports
Monday, 09 Jan 2012
According to figures given during a visit to the mine by Mozambique Prime Minister, coal mining company Vale Moçambique a subsidiary of Brazilian group Vale until December had mined 620,000 tonnes of coal.
According to Mozambican daily newspaper Notícias reported, of that amount Vale Moçambique has already exported 140,000 tonnes which were transported from Moatize to the port of Beira on the Sena railroad.
As part of his visit to Tete province, Prime Minister Mr Aires Ali visited the Vale facility where he learned about operations at the mine which has been mining and exporting coal since last year.
Mr Ali also visited the Cahora Bassa Hydroelectric Facility in the town of Songo where he received a document about the current operations of the company and the projects to modernise the facility from its board of directors.
(sourced www.macauhub.com.mo)
According to figures given during a visit to the mine by Mozambique Prime Minister, coal mining company Vale Moçambique a subsidiary of Brazilian group Vale until December had mined 620,000 tonnes of coal.
According to Mozambican daily newspaper Notícias reported, of that amount Vale Moçambique has already exported 140,000 tonnes which were transported from Moatize to the port of Beira on the Sena railroad.
As part of his visit to Tete province, Prime Minister Mr Aires Ali visited the Vale facility where he learned about operations at the mine which has been mining and exporting coal since last year.
Mr Ali also visited the Cahora Bassa Hydroelectric Facility in the town of Songo where he received a document about the current operations of the company and the projects to modernise the facility from its board of directors.
(sourced www.macauhub.com.mo)
Friday, December 30, 2011
Coal producers in Indonesia and Vietnam undertake new export strategies
Friday, 30 Dec 2011
It is reported that fast rising economies in Southeast Asia, Indonesia and Vietnam have taken different strategies in handling rising coal demand in the region.
Vietnam has announced that it will calibrate its exports to meet increasing coal demand in the domestic markets. Indonesia, on the other hand plans to increase exports and meet rising demand in the Asia Pacific Region.
The Indonesian Coal Mining Association said Jakarta is expected to upgrade its output in 2012 to no less than as 390 million tonnes of the fuel in 2012 to satisfy demand from Asian buyers particularly India and China.
A related Bloomberg report said the country is estimated to mine 360 million tons this year. Indonesia is still the world largest thermal coal exporter.
Mr Tran Xuan Hoa Vietnam state owned coal exporter Vinacomin chairman said in an annual coal exports report this month that Vietnam, on the other hand, decided to cut down its coal exports and be a net importer to support the growing local industries.
State run Vietnam News Agency reported quoting Vinacomin said coal exports will be slashed by 19.6% to 13.3 million tonnes in 2012 from 16.8 million MT this year.
Vinacomin said Vietnam coal exports will gradually be slashed to 8 million MT in 2013 and between 4 million tonnes and 5 million tonnes from 2015.
(Sourced from community.nasdaq.com)
It is reported that fast rising economies in Southeast Asia, Indonesia and Vietnam have taken different strategies in handling rising coal demand in the region.
Vietnam has announced that it will calibrate its exports to meet increasing coal demand in the domestic markets. Indonesia, on the other hand plans to increase exports and meet rising demand in the Asia Pacific Region.
The Indonesian Coal Mining Association said Jakarta is expected to upgrade its output in 2012 to no less than as 390 million tonnes of the fuel in 2012 to satisfy demand from Asian buyers particularly India and China.
A related Bloomberg report said the country is estimated to mine 360 million tons this year. Indonesia is still the world largest thermal coal exporter.
Mr Tran Xuan Hoa Vietnam state owned coal exporter Vinacomin chairman said in an annual coal exports report this month that Vietnam, on the other hand, decided to cut down its coal exports and be a net importer to support the growing local industries.
State run Vietnam News Agency reported quoting Vinacomin said coal exports will be slashed by 19.6% to 13.3 million tonnes in 2012 from 16.8 million MT this year.
Vinacomin said Vietnam coal exports will gradually be slashed to 8 million MT in 2013 and between 4 million tonnes and 5 million tonnes from 2015.
(Sourced from community.nasdaq.com)
Tuesday, December 13, 2011
China's Nov coal exports down 27% on year to 940,000 mt; up 19% from October
Tuesday, 13 December 2011
China exported 940,000 mt of coal in November, down 26.6% from a year ago but up 19% from October, preliminary figures released Saturday by the country's General Administration of Customs showed.
In the first eleven months of the year, China exported 13.85 million mt of coal, down 21.2% from a year ago.
Chinese customs authorities have yet to release November import figures, but industry sources estimated that China's coal imports hit a record high of 22 million-23 million mt last month, compared with 15.69 million mt in October and the current record high of 19.12 million mt in September. Large volumes of imported coal have apparently resulted in congestion at Chinese coal ports in November, they said.
Meanwhile, China exported 90,000 mt of coke in November, down 10% from October and down 75% year on year. In the first eleven months of the year, China exported 3.2 million mt of coke, up 6.6% year on year.
sourced Platts
China exported 940,000 mt of coal in November, down 26.6% from a year ago but up 19% from October, preliminary figures released Saturday by the country's General Administration of Customs showed.
In the first eleven months of the year, China exported 13.85 million mt of coal, down 21.2% from a year ago.
Chinese customs authorities have yet to release November import figures, but industry sources estimated that China's coal imports hit a record high of 22 million-23 million mt last month, compared with 15.69 million mt in October and the current record high of 19.12 million mt in September. Large volumes of imported coal have apparently resulted in congestion at Chinese coal ports in November, they said.
Meanwhile, China exported 90,000 mt of coke in November, down 10% from October and down 75% year on year. In the first eleven months of the year, China exported 3.2 million mt of coke, up 6.6% year on year.
sourced Platts
Friday, December 9, 2011
Ukraine coke exports rise by 52pct in January to October
Friday, 09 Dec 2011
According to the official data for the first 10 months of the current year, Ukrainian exports of metallurgical coke increased by 52.4%YoY to 1.736 million tonnes worth a total of USD 661.98 million.
In October alone, coke exports from Ukraine decreased by 33.6% from September to 166,060 tonnes worth a total of USD 63.36 million.
In the first 10 months of 2011, Ukraine registered a 46%YoY decrease in its metallurgical coke imports to 126,520 tonnes worth USD 49.96 million.
In October alone, Ukraine metallurgical coke imports increased by 4.4 times compared to September to 40,710 tonnes worth a total of USD 16.71 million.
(Sourced from SteelOrbis)
According to the official data for the first 10 months of the current year, Ukrainian exports of metallurgical coke increased by 52.4%YoY to 1.736 million tonnes worth a total of USD 661.98 million.
In October alone, coke exports from Ukraine decreased by 33.6% from September to 166,060 tonnes worth a total of USD 63.36 million.
In the first 10 months of 2011, Ukraine registered a 46%YoY decrease in its metallurgical coke imports to 126,520 tonnes worth USD 49.96 million.
In October alone, Ukraine metallurgical coke imports increased by 4.4 times compared to September to 40,710 tonnes worth a total of USD 16.71 million.
(Sourced from SteelOrbis)
Tuesday, December 6, 2011
Vale readies first Moatize coking coal shipment
Tue Dec 6, 2011
LONDON Dec 6 (Reuters) - Brazil's Vale is set to move its first coking coal shipment next week from its Moatize mine in Mozambique, sources said on Tuesday.
This will be the first coking coal shipment, after 3 thermal coal shipments, and is destined for steelmaker ArcelorMittal's South African unit.
"They're loading it now, will finish very shortly," said a source close to Moatize.
Vale last month unveiled a a $6 billion expansion of its Moatize coal project in Mozambique to lift output to 22 million tonnes per year from the 11 million tonnes it expects to mine initially.
(sourced Reuters)
LONDON Dec 6 (Reuters) - Brazil's Vale is set to move its first coking coal shipment next week from its Moatize mine in Mozambique, sources said on Tuesday.
This will be the first coking coal shipment, after 3 thermal coal shipments, and is destined for steelmaker ArcelorMittal's South African unit.
"They're loading it now, will finish very shortly," said a source close to Moatize.
Vale last month unveiled a a $6 billion expansion of its Moatize coal project in Mozambique to lift output to 22 million tonnes per year from the 11 million tonnes it expects to mine initially.
(sourced Reuters)
Tuesday, November 8, 2011
Mozambique coal exports revenue to reach USD 15 billion
Tuesday, 08 Nov 201
Macauhub.com reported that Mozambique’s revenues from exports of coal mined in Tete province are estimated at between USD 15 billion and USD 17 billion according to a study published by Anglo-Australian group Rio Tinto.
The group, which this year took control of Australian company Riversdale Mining following a takeover bid also said it was preparing to make significant investments in order to move ahead with mining the coal reserves in the Mozambican province.
The study, published during a visit by the Mozambican president to the group’s facilities some 1,300 kilometres from the city of Perth in Western Australia, also said that the Rio Tinto group would, by 2016, employ over 3,000 workers.
The chief executive of Rio Tinto Coal Mozambique, Mr Eric Finlayson said that the company planned to introduce the company’s worldwide standards for health, safety, the environment, community, human resources and construction to it Mozambican operations.
He said that “Rio Tinto wants to develop its coal projects in the Tete basin as quickly and safely as possible adding that there was a pressing need to resolve logistics issues which are currently a problem that is affecting exports.
Coal from Tete is currently exported via the port of Beira in the central province of Sofala and which is some 575 kilometres from the Moatize coal basin which can be reached via the Sena railroad or by truck.
(sourced Macauhub)
Macauhub.com reported that Mozambique’s revenues from exports of coal mined in Tete province are estimated at between USD 15 billion and USD 17 billion according to a study published by Anglo-Australian group Rio Tinto.
The group, which this year took control of Australian company Riversdale Mining following a takeover bid also said it was preparing to make significant investments in order to move ahead with mining the coal reserves in the Mozambican province.
The study, published during a visit by the Mozambican president to the group’s facilities some 1,300 kilometres from the city of Perth in Western Australia, also said that the Rio Tinto group would, by 2016, employ over 3,000 workers.
The chief executive of Rio Tinto Coal Mozambique, Mr Eric Finlayson said that the company planned to introduce the company’s worldwide standards for health, safety, the environment, community, human resources and construction to it Mozambican operations.
He said that “Rio Tinto wants to develop its coal projects in the Tete basin as quickly and safely as possible adding that there was a pressing need to resolve logistics issues which are currently a problem that is affecting exports.
Coal from Tete is currently exported via the port of Beira in the central province of Sofala and which is some 575 kilometres from the Moatize coal basin which can be reached via the Sena railroad or by truck.
(sourced Macauhub)
Thursday, November 3, 2011
Update on Fitzroy coal export hub in Queensland
Thursday, 03 Nov 2011
It is reported that a AUD 1.2 billion proposal for a central Queensland coal export facility will be rigorously assessed for its potential environmental, social and economic impacts.
Queensland Coordinator General Keith Davies has declared the Fitzroy Terminal, proposed for Port Alma, 50km south of Rockhampton, as a significant project.
The declaration does not indicate approval or endorsement, but signals the start of an assessment of the potential environmental, social and economic impacts.
The facility would have an export capacity of 22 million tonnes per year, generate up to 350 construction jobs and up to 150 operational jobs.
Deputy Premier Mr Andrew Fraser said it was important to secure appropriate infrastructure to service the growing mining industry in central Queensland, but there needed to be a balance with potential environmental impacts. He said that "If approved, the Fitzroy Terminal would help address the increase in demand for essential coal port facilities by providing an alternative port for smaller tonnage mines.”
The project is owned by a consortium including Queensland-based private investment group Mitchell Group Holdings.
The federal environment minister has also decided to conduct an environmental impact statement on the project.
The Queensland coordinator-general declares a proposal to be a significant project after considering its scale, complexity and technology components, as well as the potential effects on the environment.
(sourced from Nine msn)
It is reported that a AUD 1.2 billion proposal for a central Queensland coal export facility will be rigorously assessed for its potential environmental, social and economic impacts.
Queensland Coordinator General Keith Davies has declared the Fitzroy Terminal, proposed for Port Alma, 50km south of Rockhampton, as a significant project.
The declaration does not indicate approval or endorsement, but signals the start of an assessment of the potential environmental, social and economic impacts.
The facility would have an export capacity of 22 million tonnes per year, generate up to 350 construction jobs and up to 150 operational jobs.
Deputy Premier Mr Andrew Fraser said it was important to secure appropriate infrastructure to service the growing mining industry in central Queensland, but there needed to be a balance with potential environmental impacts. He said that "If approved, the Fitzroy Terminal would help address the increase in demand for essential coal port facilities by providing an alternative port for smaller tonnage mines.”
The project is owned by a consortium including Queensland-based private investment group Mitchell Group Holdings.
The federal environment minister has also decided to conduct an environmental impact statement on the project.
The Queensland coordinator-general declares a proposal to be a significant project after considering its scale, complexity and technology components, as well as the potential effects on the environment.
(sourced from Nine msn)
Tuesday, October 18, 2011
Forbes Coal Q2 revenue up on strong exports
Tue Oct 18, 2011
Oct 18 (Reuters) - Forbes & Manhattan Coal Corp's second-quarter revenue jumped 80 percent sequentially on strong export sales.
For the June-August period, the South Africa-focused coal miner -- which has two mines Aviemore and Magdalena -- reported revenue of C$35.2 million.
Last month, the company said export sales in the quarter had more than doubled sequentially to 192,400 tonnes of coal, helped by higher production at its Aviemore anthracite.
Toronto, Ontario-based Forbes, which mines for bituminous and anthracite coal from mines in the Klipriver coalfield in South Africa, said commissioning of the second phase of expansion at Magdalena is on track for the third quarter.
Shares of the company closed at C$2.00 on Monday on the Toronto Stock Exchange.
(sourced Reuters)
Oct 18 (Reuters) - Forbes & Manhattan Coal Corp's second-quarter revenue jumped 80 percent sequentially on strong export sales.
For the June-August period, the South Africa-focused coal miner -- which has two mines Aviemore and Magdalena -- reported revenue of C$35.2 million.
Last month, the company said export sales in the quarter had more than doubled sequentially to 192,400 tonnes of coal, helped by higher production at its Aviemore anthracite.
Toronto, Ontario-based Forbes, which mines for bituminous and anthracite coal from mines in the Klipriver coalfield in South Africa, said commissioning of the second phase of expansion at Magdalena is on track for the third quarter.
Shares of the company closed at C$2.00 on Monday on the Toronto Stock Exchange.
(sourced Reuters)
Wednesday, September 7, 2011
S.Africa coal exports rise m/m in Aug to 6.987 mln T
Sep7, 2011
JOHANNESBURG, Sept 6 (Reuters) - South Africa's Richards Bay Coal Terminal (RBCT) exported 6.987 million tonnes of coal in August compared with 4.36 million tonnes the previous month, RBCT data showed on Tuesday.
South Africa -- a major exporter of coal to power stations in Europe and Asia -- had 3.996 million tonnes of stock at the terminal at the end of August, RBCT said.
(sourced Reuters)
JOHANNESBURG, Sept 6 (Reuters) - South Africa's Richards Bay Coal Terminal (RBCT) exported 6.987 million tonnes of coal in August compared with 4.36 million tonnes the previous month, RBCT data showed on Tuesday.
South Africa -- a major exporter of coal to power stations in Europe and Asia -- had 3.996 million tonnes of stock at the terminal at the end of August, RBCT said.
(sourced Reuters)
Tuesday, August 30, 2011
WPG Resources completes initial test work on coal from Penrhyn project
Tuesday, 30 Aug 2011
WPG Resources Limited announced that Evergreen Energy Inc has completed its initial test work on coal from the Penrhyn project that were sent to Evergreen's test facility in Wyoming in May 2011.
Penrhyn is owned by Southern Coal Holdings Pty Limited, the JV vehicle with Evergreen that has the exclusive rights to use Evergreen's coal upgrading technology in Australia for the first 15 million tonnes per annum of product coal from any project, not just from tenements that it currently holds. As previously disclosed, the total coal resource estimate for the Penrhyn deposit is 352.4 million tonnes.
Note in particular that Evergreen has reported that the heating value of the coal after it had been upgraded exceeded 5,500 kilocalorie per kilogram prior to rehydration required for product shipping and storage. Additional tests that will allow us to confirm the heating value after the coal has returned to stabilized moisture level are expected to be completed prior to the end of September. We anticipate that the likely heating values for the final product may be lower than 5,500 kilocalorie per kilogram, but will be ideal for export markets, and could utilize the infrastructure available in WPG's Port Pirie terminal.
WPG announced on August 22nd 2011 that it had agreed to sell its iron ore assets to OneSteel Limited. WPG's coal interests and its land in Port Pirie and its right to construct an export port there were not included as part of that sale. If development of Penrhyn or SCH's other coal deposits including Lochiel North prove to be technically feasible and economically viable then Port Pirie could be used for coal exports.
WPG Resources Limited announced that Evergreen Energy Inc has completed its initial test work on coal from the Penrhyn project that were sent to Evergreen's test facility in Wyoming in May 2011.
Penrhyn is owned by Southern Coal Holdings Pty Limited, the JV vehicle with Evergreen that has the exclusive rights to use Evergreen's coal upgrading technology in Australia for the first 15 million tonnes per annum of product coal from any project, not just from tenements that it currently holds. As previously disclosed, the total coal resource estimate for the Penrhyn deposit is 352.4 million tonnes.
Note in particular that Evergreen has reported that the heating value of the coal after it had been upgraded exceeded 5,500 kilocalorie per kilogram prior to rehydration required for product shipping and storage. Additional tests that will allow us to confirm the heating value after the coal has returned to stabilized moisture level are expected to be completed prior to the end of September. We anticipate that the likely heating values for the final product may be lower than 5,500 kilocalorie per kilogram, but will be ideal for export markets, and could utilize the infrastructure available in WPG's Port Pirie terminal.
WPG announced on August 22nd 2011 that it had agreed to sell its iron ore assets to OneSteel Limited. WPG's coal interests and its land in Port Pirie and its right to construct an export port there were not included as part of that sale. If development of Penrhyn or SCH's other coal deposits including Lochiel North prove to be technically feasible and economically viable then Port Pirie could be used for coal exports.
Wednesday, August 24, 2011
US coal exports in June up by 35pct
Wednesday, 24 Aug 2011
According to a recent edition of National Mining Association International Coal Review, US coal exports increased 35% to 53.6 million short tons through June 2011. Strong demand from Asia and Europe for steam and metallurgical coal is expected to push coal exports above 100 million tons by the year’s end, the highest level in nearly 20 years.
NMA’s economic forecast prepared in May predicted 2011 coal exports would reach 101.5 million tons (up 24%). The Energy Information Administration’s August Short-term Energy Outlook predicts 2011 coal exports of 98 million tons. The annualised rate based on half year data would be about 107 million tons by the year’s end. In 2010, the US exported just more than 81 million tons of coal.
Steam coal exports through June 2011, excluding lignite and anthracite, increased 88% to 18 million tons and metallurgical coal exports increased nearly 18% to 35 million tons, according to the report. Anthracite and lignite exports were up 6% and 1% respectively.
NMA’s report found that imported coal, which stood at about 6.8 million tons year to date, was down about 31% from the 2010 level of 9.9 million tons. Annual coal imports peaked at 36.3 million tons in 2007, dropping somewhat in recent years. Coal imports totaled 22.6 million tons in 2010 and now account for roughly 2% of US coal consumption.
(sourced IM-Mining)
According to a recent edition of National Mining Association International Coal Review, US coal exports increased 35% to 53.6 million short tons through June 2011. Strong demand from Asia and Europe for steam and metallurgical coal is expected to push coal exports above 100 million tons by the year’s end, the highest level in nearly 20 years.
NMA’s economic forecast prepared in May predicted 2011 coal exports would reach 101.5 million tons (up 24%). The Energy Information Administration’s August Short-term Energy Outlook predicts 2011 coal exports of 98 million tons. The annualised rate based on half year data would be about 107 million tons by the year’s end. In 2010, the US exported just more than 81 million tons of coal.
Steam coal exports through June 2011, excluding lignite and anthracite, increased 88% to 18 million tons and metallurgical coal exports increased nearly 18% to 35 million tons, according to the report. Anthracite and lignite exports were up 6% and 1% respectively.
NMA’s report found that imported coal, which stood at about 6.8 million tons year to date, was down about 31% from the 2010 level of 9.9 million tons. Annual coal imports peaked at 36.3 million tons in 2007, dropping somewhat in recent years. Coal imports totaled 22.6 million tons in 2010 and now account for roughly 2% of US coal consumption.
(sourced IM-Mining)
Sunday, August 21, 2011
US coal exports in June 2011 up by 23pct YoY
Sunday, 21 Aug 2011
Argus reported that US coal exports reached second highest level of the year in June 2011 despite coking coal volumes falling slightly from May.
According to US Census Bureau data, total exports increased by 23% YoY to 9.1 million tons from 7.39 million tons in June 2010 and marked a slight gain from 9.04 million tons in May 2011. US exports for the first half of 2011 rose to 53.6 million tons, up by 35% YoY from 39.7 million tons in the year ago period to set an annualized pace of 107 million tons. In 2010, US exports totaled 81.7 million tons.
While coking coal again accounted for the majority of total coal exports, the segment fell month to month to 5.79 million tons in June from 6.43 million tons in May. In contrast, shipments of all steam coal types, including anthracite, bituminous, lignite, non bituminous steam coals and sub bituminous coals, rose to 3.31 million tons in June from 2.61 million tons in May.
Among the six major US ports where coal is shipped, the Norfolk Census district saw the largest amount of shipments at 3.25 million tons, although coal exports from Norfolk actually declined for the third consecutive month.
June exports from New Orleans, the second highest exporting port, were at their second highest level for 2011 at 1.85 million tons, jumping from a flood slowed May when its volumes totaled 1.39 million tons.
Europe and Asia again were the two continents importing the most US coal. But while exports to Europe were at their highest monthly level this year, at 4.33 million tons, exports to Asia were at their lowest level for 2011, at 2.21 million tons.
While US coal exports were at their second highest level for the year in June, US coal imports were at their second lowest level as generators relied on ample inventories and as low natural gas prices encouraged fuel switching.
The US imported 970,196 tons of coal in June as compared with 1.31 million tons in May and 1.77 million tons a year ago. Imports of Colombian coal totaled 518,351 tons, off 58% from 1.23 million tons a year ago and off 41% from 876,399 tons in May.
(sourced ArgusMedia)
Argus reported that US coal exports reached second highest level of the year in June 2011 despite coking coal volumes falling slightly from May.
According to US Census Bureau data, total exports increased by 23% YoY to 9.1 million tons from 7.39 million tons in June 2010 and marked a slight gain from 9.04 million tons in May 2011. US exports for the first half of 2011 rose to 53.6 million tons, up by 35% YoY from 39.7 million tons in the year ago period to set an annualized pace of 107 million tons. In 2010, US exports totaled 81.7 million tons.
While coking coal again accounted for the majority of total coal exports, the segment fell month to month to 5.79 million tons in June from 6.43 million tons in May. In contrast, shipments of all steam coal types, including anthracite, bituminous, lignite, non bituminous steam coals and sub bituminous coals, rose to 3.31 million tons in June from 2.61 million tons in May.
Among the six major US ports where coal is shipped, the Norfolk Census district saw the largest amount of shipments at 3.25 million tons, although coal exports from Norfolk actually declined for the third consecutive month.
June exports from New Orleans, the second highest exporting port, were at their second highest level for 2011 at 1.85 million tons, jumping from a flood slowed May when its volumes totaled 1.39 million tons.
Europe and Asia again were the two continents importing the most US coal. But while exports to Europe were at their highest monthly level this year, at 4.33 million tons, exports to Asia were at their lowest level for 2011, at 2.21 million tons.
While US coal exports were at their second highest level for the year in June, US coal imports were at their second lowest level as generators relied on ample inventories and as low natural gas prices encouraged fuel switching.
The US imported 970,196 tons of coal in June as compared with 1.31 million tons in May and 1.77 million tons a year ago. Imports of Colombian coal totaled 518,351 tons, off 58% from 1.23 million tons a year ago and off 41% from 876,399 tons in May.
(sourced ArgusMedia)
Friday, August 12, 2011
US coal exports on pace to hit 107mn st this year
Aug11, 2011,
Washington, 11 August — June's US coal exports reached their second-highest level of the year despite coking coal volumes falling slightly from May.
Total exports increased 23pc to 9.1mn short tons (8.3mn metric tonnes) from 7.39mn st in June 2010 and marked a slight gain from 9.04mn st in May, according to US Census Bureau data released today. US exports for the first half of the year rose to 53.6mn st, up 35pc from 39.7mn st in the year-ago period to set an annualized pace of 107mn st.
In 2010, US exports totaled 81.7mn st, the Census reports.
While coking coal again accounted for the majority of total coal exports, the segment fell month to month to 5.79mn st in June from 6.43mn st in May. In contrast, shipments of all steam coal types, including anthracite, bituminous, lignite, non-bituminous steam coals and sub-bituminous coals, rose to 3.31mn st in June from 2.61mn st in May.
Among the six major US ports where coal is shipped, the Norfolk Census district saw the largest amount of shipments at 3.25mn st, although coal exports from Norfolk actually declined for the third consecutive month.
June exports from New Orleans, the second-highest exporting port, were at their second-highest level for 2011 at 1.85mn st, jumping from a flood-slowed May when its volumes totaled 1.39mn st.
Europe and Asia again were the two continents importing the most US coal. But while exports to Europe were at their highest monthly level this year, at 4.33mn st, exports to Asia were at their lowest level for 2011, at 2.21mn st.
While US coal exports were at their second-highest level for the year in June, US coal imports were at their second-lowest level as generators relied on ample inventories and as low natural gas prices encouraged fuel-switching.
The US imported 970,196st of coal in June, compared with 1.31mn st in May and 1.77mn st a year ago. Imports of Colombian coal totaled 518,351st, off 58pc from 1.23mn st a year ago and off 41pc from 876,399st in May.
(sourced Argus)
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