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Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
 Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to make up for weak domestic demand during the country's recession.
Industry executives and experts told this week's Adam Smith CIS Coal Summit that state-controlled transport costs remained too high and years of underinvestment were taking a toll on shipping and rail links.
For Alexander Kovalchuk, director of the Coal Market Research Institute, the problem is shown by bottlenecks at SUEK's new Vanino coal terminal in the Far East, which began handling shipments for the company, Russia's largest coal producer, in December.
Vanino suffers a lot because the BAM (Baikal-Amur Mainline) railway doesn't have sufficient capacity, it is underserved by 40-50 percent, according to SUEK estimates, Kovalchuk said.
Exports are becoming increasingly attractive to both steam and coking coal producers as China and India continue growing their economies while Russian industry sputters.
Market players estimate Russia exported 7,2-million tons of coal in April, compared with 7,5-million tons a year ago.
Overall Russian coal production declined by about 13 percent in April.
Raspadskaya Deputy Director Alexander Andreyev said his firm exported 35 percent of coking coal output in April, up from the 26 percent average in the first quarter.
We need to change our strategy by expanding exports step by step, he said.
HIGH TRANSPORT COSTS
For Russian producers to expand their share of the Asian market in the long term, experts say more investment is needed by the RZhD state railway monopoly, together with lower tariffs for coal shipped more than 5 000 km from Siberia to ports in the Russian Far East.
However, rates continue to rise.
Coal prices dropped sharply, but the transport component does not decrease, and there will be a 4-6 percent increase as of July, Eurosib Spb Transportation Systems' Andrey Baranov said.
Railway tariffs, like gas and power rates, are regulated by the state. The government is debating whether to cap price hikes at more modest levels than previously planned to support the economy in downturn, which saw industrial production plunging 17,1 percent year-on-year in May.
Raspadskaya's Andreyev said transport costs now make up 30-35 percent of the Free on Board (FOB) price to send Russian coal to ships, compared with 9-16 percent a year ago.
Additional kilometres of rail track are another priority, though a rapid roll-out is not expected given the high cost of building in Russia.
Alex Bezborodov, of the InfraNews Research Agency, said it costs $1,5 million to build a kilometre of railway in Russia, compared with an international average of $600 000-$800 000.
PORT INFRASTRUCTURE
Improving port technology and adding capacity is also important for coal exporters, Tamara Novikova of the Research and Development Institute of the Sea Fleet added.
She said Soviet-era technology limits volumes and damages railcars, particularly in winter, when frozen coal is loaded.
Few ports have equipment to defrost cargo, which would improve capacity, Novikova said, adding that Russia also needs deeper ports that can serve Panamax class cargo ships.
Panellists said Russian ports are now among the most expensive in the world, adding $10 per tonne in costs, compared with the $2-$3 per tonne global average.
At Australian and Chinese ports they use automated technology, satellites, here we have to employ a lot of people, so it's a much different technology, Bezborodov said.
Source: Financial 24 (http://www.financial24.org/commodities/transport-problems-hold-back-russian-coal-exports/)
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Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
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