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Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
 Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to make up for weak domestic demand during the country's recession.
Industry executives and experts told this week's Adam Smith CIS Coal Summit that state-controlled transport costs remained too high and years of underinvestment were taking a toll on shipping and rail links.
For Alexander Kovalchuk, director of the Coal Market Research Institute, the problem is shown by bottlenecks at SUEK's new Vanino coal terminal in the Far East, which began handling shipments for the company, Russia's largest coal producer, in December.
Vanino suffers a lot because the BAM (Baikal-Amur Mainline) railway doesn't have sufficient capacity, it is underserved by 40-50 percent, according to SUEK estimates, Kovalchuk said.
Exports are becoming increasingly attractive to both steam and coking coal producers as China and India continue growing their economies while Russian industry sputters.
Market players estimate Russia exported 7,2-million tons of coal in April, compared with 7,5-million tons a year ago.
Overall Russian coal production declined by about 13 percent in April.
Raspadskaya Deputy Director Alexander Andreyev said his firm exported 35 percent of coking coal output in April, up from the 26 percent average in the first quarter.
We need to change our strategy by expanding exports step by step, he said.
HIGH TRANSPORT COSTS
For Russian producers to expand their share of the Asian market in the long term, experts say more investment is needed by the RZhD state railway monopoly, together with lower tariffs for coal shipped more than 5 000 km from Siberia to ports in the Russian Far East.
However, rates continue to rise.
Coal prices dropped sharply, but the transport component does not decrease, and there will be a 4-6 percent increase as of July, Eurosib Spb Transportation Systems' Andrey Baranov said.
Railway tariffs, like gas and power rates, are regulated by the state. The government is debating whether to cap price hikes at more modest levels than previously planned to support the economy in downturn, which saw industrial production plunging 17,1 percent year-on-year in May.
Raspadskaya's Andreyev said transport costs now make up 30-35 percent of the Free on Board (FOB) price to send Russian coal to ships, compared with 9-16 percent a year ago.
Additional kilometres of rail track are another priority, though a rapid roll-out is not expected given the high cost of building in Russia.
Alex Bezborodov, of the InfraNews Research Agency, said it costs $1,5 million to build a kilometre of railway in Russia, compared with an international average of $600 000-$800 000.
PORT INFRASTRUCTURE
Improving port technology and adding capacity is also important for coal exporters, Tamara Novikova of the Research and Development Institute of the Sea Fleet added.
She said Soviet-era technology limits volumes and damages railcars, particularly in winter, when frozen coal is loaded.
Few ports have equipment to defrost cargo, which would improve capacity, Novikova said, adding that Russia also needs deeper ports that can serve Panamax class cargo ships.
Panellists said Russian ports are now among the most expensive in the world, adding $10 per tonne in costs, compared with the $2-$3 per tonne global average.
At Australian and Chinese ports they use automated technology, satellites, here we have to employ a lot of people, so it's a much different technology, Bezborodov said.
Source: Financial 24 (http://www.financial24.org/commodities/transport-problems-hold-back-russian-coal-exports/)
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Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
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- Africa Commodities Group - South Africa
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- The State Trading Corporation of India Ltd
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Wood Mackenzie - Singapore
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- Chamber of Mines of South Africa
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- Uttam Galva Steels Limited - India
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- Ministry of Mines - Canada
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
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- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- The University of Queensland
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- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
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- Bhushan Steel Limited - India
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- Bayan Resources Tbk. - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Economic Council, Georgia
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- Medco Energi Mining Internasional
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- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
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- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
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- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
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- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
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- Central Electricity Authority - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
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- Thiess Contractors Indonesia
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- Grasim Industreis Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
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- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
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- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
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- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
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- Wilmar Investment Holdings
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- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
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- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
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- Singapore Mercantile Exchange
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- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
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