‘Asia takes most of SA's March coal’

031110 A new study has found that SA coal reserves have been significantly downsized since 2003.photo by Simphiwe Mbokazi 453

031110 A new study has found that SA coal reserves have been significantly downsized since 2003.photo by Simphiwe Mbokazi 453

Published Apr 10, 2012

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Asia again absorbed most of South Africa's 6.3 million tonnes of coal exports in March, led by India, China and Taiwan, exporters said.

India took 1.9 million tonnes of coal in March, unchanged from February, while China increased its imports to 1.3 million tonnes from 965,000 tonnes in February.

Taiwan showed strong growth also, with imports of 800,000 tonnes, up from around 600,000 in February.

The Atlantic market, which is still suffering from oversupply and limp demand, took 1.4 million tonnes, unchanged from February.

The Amsterdam-Rotterdam-Antwerp coal-importing hub accounted for just over 200,000 tonnes or slightly more than one capesize cargo in March. - Reuters

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