South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same month a year earlier.
The terminal on South Africa’s northeast coast shipped 4.85 million metric tons of the fuel, up from 4.62 million tons, the terminal said in an e-mailed response to questions today.
Richards Bay Coal 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 biggest coal-export terminal, Australia’s Newcastle port ships more of the fuel from two terminals.
The terminal received 5.19 million tons of coal by rail last month and had stocks of 3.48 million tons at the end of March. Fifty-eight ships were loaded during the month and 811 trains arrived at the facility.
Coal shipped from the terminal traded at an average of $62 a ton in the week ended April 3, according to Petersfield, England-based McCloskey Group.
Source: Bloomerbeg
No comments:
Post a Comment