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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays. BDI INDEX ...


Saturday, 30 January 10
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The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme. "With th ...


Saturday, 30 January 10
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Friday, 29 January 10
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* SAfrica seen shipping 75 pct of its coal to Asia in 2010 * Logistics woes hamper SAfrica exports, India imports India's steam coal imports ar ...


Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
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