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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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- Sakthi Sugars Limited - India
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- Australian Commodity Traders Exchange
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- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
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- Planning Commission, India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
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- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
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- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
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- Port Waratah Coal Services - Australia
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- Electricity Generating Authority of Thailand
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- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
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- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- PTC India Limited - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Aditya Birla Group - India
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- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- GMR Energy Limited - India
- The University of Queensland
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Parliament of New Zealand
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
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- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
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