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Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unnamed buyers in China, Japan and South Korea this year.
The company will also ship 2.3 million tonnes of steam coal to these countries this year as it pursues its strategy of expanding in Asian markets.
Mechel, controlled by businessman Igor Zyuzin, did not provide any financial details associated with its coking coal contracts.
China in particular has become an increasingly important market for Russian coking coal producers as domestic steel output slumps.
"I would like to emphasize that entering into new large contracts with Chinese companies allows us to increase the load of our coal mining facilities that is of particular importance in the current challenging business environment," Mechel Senior Vice President Vladimir Polin said in a statement.
Mechel's first quarter coking coal production plummeted 76 percent year-on-year to 1.0 million tonnes as orders from domestic steel producers dried up.
During a conference call earlier this month company executives said key Russian steel producers MMK
Source: Reuters (http://in.reuters.com/article/oilRpt/idINLP87426120090625)
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Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
Wednesday, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
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