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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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Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...


Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
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Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy The  BSI  regained  positive  momentum  exactly  a  week  ago  and  the  Atlantic rema ...


Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...


Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...


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