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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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Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
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- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Australian Coal Association
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
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- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
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