Tag: exports

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Exports,India

COAL exports through the Port of Newcastle increased by about 10per cent last year COAL exports through the Port of Newcastle increased by about 10per cent last year, reaching about 114million tonnes.But income from the industry might not be a record, with ''spot'' or one-off sale prices well down on historic highs, and lower-quality export coal reportedly selling for less than $100 a tonne.Newcastle has three coal-loaders. Terminals at Carrington and Kooragang Island are operated by the Rio Tinto and Xstrata-backed Port Waratah Coal Services.A second Kooragang loader owned by the BHP Billiton-backed Newcastle Coal Infrastructure Group began shipping in 2010.Port Waratah publishes its exports but the infrastructure group does not, meaning that the annual Newcastle exports are an estimate, based on the amount of coal arriving at the port from the mines.In its latest monthly report, the Hunter Valley Coal Chain Co-ordinator, which oversees the industry, said 113.9million tonnes of coal arrived at the port in the year to December 31.If as much coal left the port as came into it, the infrastructure group's share of the total would be about 16million tonnes for the year.The group could only use smaller ''handy'' or ''panamax'' class ships until October, when ...