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Thursday, 23 May 13
COLOMBIA SHIPPED 11.74 MILLION TONS OF THERMAL COAL IN Q1
 COALspot.om - Colombia produced about 18,388,972.94 mt of coal for the first quarter of 2013.
Q1' 2013 coal production was around 21.42 percent lower compared to the same the period in 2012 and 14.22 percent lesser than 4th Quarter of 2012. Colombia produced 23,403,912.21 mt of coal during 1st quarter of 2012 and 21.439 million MT in 4th quarter 2012.
The data that COALspot.com has obtained from National Mining Agency of Colombia shows that, the Colombian coal ( thermal, metallurgical, coke and semi coking) exports have reached 12,464,476 tons in first three months during this year.
Colombia shipped 6.533 million tons of thermal coal in January 2013. February thermal coal exports slumped by 49.80 percent compared to January 2013 exports. Colombia shipped only 3.2798 million tons of thermal coal in February. In the meantime, the March thermal coal shipments from Colombia sink further by 41.00 percent month on month. Colombia shipped only 1.935 million tons of coal in March which was almost 71.54 percent lesser than January 2013 exports.
Approximately 90 percent of coal produced in Colombia is intend for exports market.
The average selling price of Thermal coal in January 2013 was around US$ 92.70 per mt FOB vessel, and in the meantime the March average price was US$ 86.10 dropped 7.11 percent. March 2013 average selling price was slightly higher (0.84 percent) than February 2013 selling price of US$ 85.38 per mt.
Colombian metallurgical coal’s average selling prices also faced a down trend in March 2013. The average selling price of Metallurgical Coal in March was around US$ 128.91 per mt which is 20.83 percent lesser than the average selling price of Metallurgical coal in January 2013 or 1.35 percent lesser than February price.
However, prices for coke and semi coking coal of Colombia has moved positive in March 2013 compared to Thermal coal and Metallurgical coal. Coke and semi coking coal’s average selling price in March was US$ 253.63 per MT which is 0.73 per cent higher than January 2013 price or 1.18 percent higher than February 2013 price.
Due to lower cape size freight Colombian coal is now moving to Asian countries such as South Korea, China and India.
About Colombian coal ( Source: US Energy Information Administration)
According to the Latin American Energy Organization, Colombia had 5,643 million short tons (MMst) of recoverable (mostly bituminous) coal reserves in 2010, the largest in South America. These deposits are concentrated in the Guajira peninsula bordering the Caribbean and in the Andean foothills. The majority of Colombia's coal production and export infrastructure is located on the Caribbean coast. Colombia's coal is relatively clean-burning, with a sulfur content of less than 1 percent. The country exports most of its production – in 2009 it was the fourth-largest coal exporter in the world after Australia, Indonesia, and Russia.
Production
Colombia produced 82 million short tons (MMst) of coal in 2010, while only consuming 5.6 MMst. According to the Ministry of Mines, the country’s coal production rose to 94.6 MMst in 2011. Colombian coal production is exclusively carried out by private companies and has doubled since 2000. The country’s 2010 production set a record for national production, and the government aspires to double it by 2019.
The largest coal producer in Colombia is the Carbones del Cerrejon consortium, composed of Anglo-American, BHP Billiton, and Xstrata. The consortium operates the Cerrejon Zona Norte (CZN) project, the largest coal mine in Latin America and the largest open-pit coal mine in the world. CZN is an integrated system of mine, railroad, and a Caribbean coast export terminal, and accounted for 38 percent of Colombia’s production in 2011, or about 31 MMst.
US-based Drummond Company operates the second-largest coal mining operation in Colombia, La Loma, which is also an integrated mine-railway-port project, producing about 27 MMst in 2011, or 33 percent. In June 2011, Drummond entered into an 80-20 percent partnership with Japan’s Itochu Corp., known as Drummond International, which now owns and operates its Colombia interests. Itochu’s initial investment of $1.5 billion will enable expansion of the project with the construction of a new export facility and the increase of export capacity to 40-45 MMst per year. The partnership is aiming to increase coal exports to Japan and other Asian countries.
Exports
Colombia exported 76.4 MMst in 2010, mainly to Europe, other South American countries, and the United States. Coal exports are an important part of the Colombian economy. Coal is the country’s second-largest export after oil and represented 15 percent of export earnings in 2010. The United States and Colombia have a major trading relationship in this sector and in 2010 Colombian coal represented 75 percent of U.S. coal imports, or 14.6 MMst. In 2011, the United States imported 9.5 MMst, or 73 percent, as U.S. coal imports declined.
Colombia recently began exporting sizable quantities of coal to Asian markets, especially China. According to Global Trade Information Services, Asia’s share of Colombian coal exports grew from less than one percent in 2009 to 12.7 percent in 2010. A combination of higher prices in Asia, lower freight costs, and falling exports to the United States spurred this expansion into Asian markets. In May 2012, talks were held in Beijing between the presidents of China and Colombia regarding China’s interest in investing in Colombia’s coal sector and the construction of a railroad to the Pacific coast to facilitate exports to Asia. Both the expansion of the Panama Canal (currently slated for completion by 2015) and Chinese-backed transportation infrastructure projects could generate greater exports of Colombian coal to Asia in the future.
*The coal export information within this article is provided by COALspot.com on an "as is" and "as available” basis. All details about, given in good faith and has been collected from various press reports, Related departments, organization and individuals considered reliable but without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.* Figures are subject to verification (cs)
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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
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- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
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- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
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- Mercator Lines Limited - India
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- Eastern Energy - Thailand
- Goldman Sachs - Singapore
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- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
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- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
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- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
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- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
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- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
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- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
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- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
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- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
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- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
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- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
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