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Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T


Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to renewed demand, a company source said.

The source on Thursday added that steel production will remain flat at about 6 million tonnes. In 2009, Mechel produced 10.24 million tonnes of coking coal and 7.54 million tonnes of steam coal.

The source added that this year Mechel expects to produce about 18 million tonnes of coking coal.

Coking coal prices have risen sharply in recent months, and analysts at Moscow's Uralsib bank on Monday wrote that Mechel is in talks with Russian clients to raise its Kuzbass prices to $110-$120 per tonne.

The bank also wrote that Mechel is currently exporting coking coal from Yakutugol in Russia's Sakha Republic to Asian buyers at $205 per tonne.
Source: Reuters



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Recent News

Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...


Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010- COALspot.com (Press Release): China plans to increase coal import significantly ...


Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn Live Mint reported that, State-run power utility NTPC Ltd is in ta ...


Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead The coal from the Indonesian mine would provide raw material to the group's power projects The Aries coal mines acquired by the gro ...


Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...


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