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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, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
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- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
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