Wednesday, 16 Nov 2011
According to data on Bloomberg from researcher IHS McCloskey, coal export prices at Richards Bay, South Africa, the continent’s biggest terminal for shipping the fuel, fell to the lowest level in almost a year.
Prices decreased USD 1.83, or 1.7% last week to an average USD 106.30 a metric tonne, the least since November 26th 2010, following a 1.2% decline in the week ended November 4. The price quoted is on a free on board basis, excluding delivery costs.
(Sourced from Bloomberg)
Showing posts with label research company. Show all posts
Showing posts with label research company. Show all posts
Wednesday, November 16, 2011
Wednesday, September 28, 2011
South African coal export prices down by 1pct last week
Wednesday, 28 Sep 2011
Bloomberg quoted according to data on Bloomberg from researcher IHS McCloskey coal export prices at Richards Bay, South Africa, the continent biggest terminal for shipping the fuel fell USD 1.39 or 1.2% last week to an average USD 114.20 a metric ton.
The spot price declined 1.7% to an average USD 115.59 a ton in the previous week.
(sourced from Bloomberg)
Bloomberg quoted according to data on Bloomberg from researcher IHS McCloskey coal export prices at Richards Bay, South Africa, the continent biggest terminal for shipping the fuel fell USD 1.39 or 1.2% last week to an average USD 114.20 a metric ton.
The spot price declined 1.7% to an average USD 115.59 a ton in the previous week.
(sourced from Bloomberg)
Sunday, February 13, 2011
South Africa Should Mull New Coal Port, McCloskey Says
Feb9, 2011
South Africa should study building a new coal-export harbor to meet surging demand from Asia or risk falling behind nations that are investing in transportation and output of the fuel, research company McCloskey Group said.
“South Africa is the natural supplier for India’s new demand,” Managing Director Gerard McCloskey said at the Mining Indaba conference in Cape Town today. Yet the nation is “humble in its aspirations” and infrastructure is underfunded, he said. Planned new rail lines in African countries may increase regional coal output, while Mozambique and Botswana are also looking to boost production, he said. While South Africa last year expanded capacity at Richards Bay Coal Terminal to an annual 91 million metric tons, state-run rail operator Transnet Ltd., which delivers most of the fuel to the facility, is only able to carry about 65 million tons.
The country last year shipped 62.86 million tons from the terminal, owned by producers including BHP Billiton Ltd. and Xstrata Plc. The terminal handles more than 90 percent of South Africa’s coal exports, while Asia overtook Europe as the country’s main overseas market for the product during the past two years. “The European market is fading but the Asian market is really booming,” McCloskey said. “One in three ships that goes out of Richards Bay now heads for India.” The government should consider appointing a coal “czar” to encourage development of the industry, he said. (source: Bloomberg)
South Africa should study building a new coal-export harbor to meet surging demand from Asia or risk falling behind nations that are investing in transportation and output of the fuel, research company McCloskey Group said.
“South Africa is the natural supplier for India’s new demand,” Managing Director Gerard McCloskey said at the Mining Indaba conference in Cape Town today. Yet the nation is “humble in its aspirations” and infrastructure is underfunded, he said. Planned new rail lines in African countries may increase regional coal output, while Mozambique and Botswana are also looking to boost production, he said. While South Africa last year expanded capacity at Richards Bay Coal Terminal to an annual 91 million metric tons, state-run rail operator Transnet Ltd., which delivers most of the fuel to the facility, is only able to carry about 65 million tons.
The country last year shipped 62.86 million tons from the terminal, owned by producers including BHP Billiton Ltd. and Xstrata Plc. The terminal handles more than 90 percent of South Africa’s coal exports, while Asia overtook Europe as the country’s main overseas market for the product during the past two years. “The European market is fading but the Asian market is really booming,” McCloskey said. “One in three ships that goes out of Richards Bay now heads for India.” The government should consider appointing a coal “czar” to encourage development of the industry, he said. (source: Bloomberg)
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