Bloomberg News

Richards Bay Coal Exports Climbed 28% in August on Year

September 06, 2011

(Updates with coal prices in third paragraph.)

Sept. 6 (Bloomberg) -- Richards Bay Coal Terminal, Africa’s largest coal terminal, said August shipments rose 28 percent from a year earlier as prices for the fuel increased.

Shipments from the east coast facility rose to 6.99 million metric tons from 5.45 million tons a year earlier, RBCT said in a statement published on its website today. Coal stocks dropped 5.4 percent to 4 million tons as of Aug. 31 from a month earlier.

Terminal owners including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc saw coal prices jump 34 percent to an average $118.02 a ton in August from $88.15 a year earlier, according to IHS McCloskey data on Bloomberg.

The terminal received 6.58 million tons, mostly by rail, during August from 6.02 million a year earlier. Shipments in the year to date came to 38.83 million tons compared with 39.35 million tons a year earlier.

The terminal shipped 63.4 million tons last year and was expanded to increase its capacity to 91 million tons this year.

--Editors: Alex Devine, Tony Barrett

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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