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Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
 * CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not cause long-term problems
Italy's Coeclerici Coal and Fuels, one of Russia's eight largest steam coal exporters, wants to acquire a second mine in Siberia's Kuzbass region and raise exports to Asia, the company's chief executive told Reuters.
"We hope to increase tonnage. That's why we are looking for a high vols mine in Kuzbass," Giovanni Marchelli said in an emailed response to questions, referring to the amount of volatile matter found in a mine's reserves.
Coeclerici, the second-largest coal exporter at Murmansk Commercial Seaport behind Russia's SUEK, acquired its first Russian steam coal mine in April 2008.
Production at the Korchakol mine is expected to exceed 550,000 tonnes this year, up from 450,000 tonnes in 2008. Next year, output is expected to reach about 750,000 tonnes, below a target of 900,000 tonnes cited by Marchelli in January.
Historically, the company has shipped Russian coal to European markets, but Marchelli said some coal was now heading to Asia.
Major producers have increased eastbound shipments this year to take advantage of strong Asian prices, stretching Russia's limited rail capacity.
"In the last few months, we did a few cargoes and for sure it is our intention to grow in that area," Marchelli said.
SOLVING PORT PROBLEMS
Coeclerici plans to export 3 million tonnes of coal via Murmansk this year and to increase this amount in 2010.
The Murmansk port, which remains ice-free all year, is experiencing some seasonal delays associated with unloading frozen coal, though these pale in comparison with the major congestion seen in the Far East.
"There is always something unexpected. Delays could be caused by a lack of wagons, or vice-versa, by having too many wagons to be discharged," Marchelli said.
"In any case, the port always solves all problems in a very short time."
Murmansk port director Viktor Morozov said in October that his company plans to build a new terminal to double coal exports by 2015, and Marchelli said Coeclerici would take advantage of the expansion to increase exports.
He added that per-tonne prices for API2 Russian coal were now in the mid $70s, down about $10 per tonne from January, while rail freight tariffs were up about $4-$5 per tonne.
He expected coal prices to remain at this level in 2010.
The executive declined to say whether Coeclerici's Russian operations were profitable this year.
"Like everybody, we are suffering because of the market," he said. "We are not considering Russia year-by-year but on a long-term basis only ... Of course we cannot pretend to always make money."
Source: Reuters / Forexyard
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Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
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- Leighton Contractors Pty Ltd - Australia
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- Coalindo Energy - Indonesia
- Australian Coal Association
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- Global Business Power Corporation, Philippines
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- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
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- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
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- IHS Mccloskey Coal Group - USA
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- GMR Energy Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Kepco SPC Power Corporation, Philippines
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- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
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- OPG Power Generation Pvt Ltd - India
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- Indonesian Coal Mining Association
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- Planning Commission, India
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- Wood Mackenzie - Singapore
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- Ministry of Finance - Indonesia
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- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
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- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
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- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
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- Merrill Lynch Commodities Europe
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- Larsen & Toubro Limited - India
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- Orica Australia Pty. Ltd.
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- Power Finance Corporation Ltd., India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
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- Pipit Mutiara Jaya. PT, Indonesia
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- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
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- Latin American Coal - Colombia
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- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
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- Electricity Generating Authority of Thailand
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- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
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- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
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- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
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