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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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- Trasteel International SA, Italy
- Baramulti Group, Indonesia
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- Bulk Trading Sa - Switzerland
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- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
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- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
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- Merrill Lynch Commodities Europe
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- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
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- Wilmar Investment Holdings
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- Price Waterhouse Coopers - Russia
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- Mintek Dendrill Indonesia
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- Videocon Industries ltd - India
- Indian Energy Exchange, India
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- Mercator Lines Limited - India
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- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
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- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
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- Singapore Mercantile Exchange
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- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
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- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
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- PTC India Limited - India
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- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
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- Tamil Nadu electricity Board
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- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
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- Planning Commission, India
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- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
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- Heidelberg Cement - Germany
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
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- Australian Commodity Traders Exchange
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- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
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- TeaM Sual Corporation - Philippines
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- VISA Power Limited - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
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- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
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- Interocean Group of Companies - India
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- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
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- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
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- Eastern Energy - Thailand
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- GAC Shipping (India) Pvt Ltd
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- Altura Mining Limited, Indonesia
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