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Thursday, 23 May 13
COLOMBIA SHIPPED 11.74 MILLION TONS OF THERMAL COAL IN Q1
 COALspot.om - Colombia produced about 18,388,972.94 mt of coal for the first quarter of 2013.
Q1' 2013 coal production was around 21.42 percent lower compared to the same the period in 2012 and 14.22 percent lesser than 4th Quarter of 2012. Colombia produced 23,403,912.21 mt of coal during 1st quarter of 2012 and 21.439 million MT in 4th quarter 2012.
The data that COALspot.com has obtained from National Mining Agency of Colombia shows that, the Colombian coal ( thermal, metallurgical, coke and semi coking) exports have reached 12,464,476 tons in first three months during this year.
Colombia shipped 6.533 million tons of thermal coal in January 2013. February thermal coal exports slumped by 49.80 percent compared to January 2013 exports. Colombia shipped only 3.2798 million tons of thermal coal in February. In the meantime, the March thermal coal shipments from Colombia sink further by 41.00 percent month on month. Colombia shipped only 1.935 million tons of coal in March which was almost 71.54 percent lesser than January 2013 exports.
Approximately 90 percent of coal produced in Colombia is intend for exports market.
The average selling price of Thermal coal in January 2013 was around US$ 92.70 per mt FOB vessel, and in the meantime the March average price was US$ 86.10 dropped 7.11 percent. March 2013 average selling price was slightly higher (0.84 percent) than February 2013 selling price of US$ 85.38 per mt.
Colombian metallurgical coal’s average selling prices also faced a down trend in March 2013. The average selling price of Metallurgical Coal in March was around US$ 128.91 per mt which is 20.83 percent lesser than the average selling price of Metallurgical coal in January 2013 or 1.35 percent lesser than February price.
However, prices for coke and semi coking coal of Colombia has moved positive in March 2013 compared to Thermal coal and Metallurgical coal. Coke and semi coking coal’s average selling price in March was US$ 253.63 per MT which is 0.73 per cent higher than January 2013 price or 1.18 percent higher than February 2013 price.
Due to lower cape size freight Colombian coal is now moving to Asian countries such as South Korea, China and India.
About Colombian coal ( Source: US Energy Information Administration)
According to the Latin American Energy Organization, Colombia had 5,643 million short tons (MMst) of recoverable (mostly bituminous) coal reserves in 2010, the largest in South America. These deposits are concentrated in the Guajira peninsula bordering the Caribbean and in the Andean foothills. The majority of Colombia's coal production and export infrastructure is located on the Caribbean coast. Colombia's coal is relatively clean-burning, with a sulfur content of less than 1 percent. The country exports most of its production – in 2009 it was the fourth-largest coal exporter in the world after Australia, Indonesia, and Russia.
Production
Colombia produced 82 million short tons (MMst) of coal in 2010, while only consuming 5.6 MMst. According to the Ministry of Mines, the country’s coal production rose to 94.6 MMst in 2011. Colombian coal production is exclusively carried out by private companies and has doubled since 2000. The country’s 2010 production set a record for national production, and the government aspires to double it by 2019.
The largest coal producer in Colombia is the Carbones del Cerrejon consortium, composed of Anglo-American, BHP Billiton, and Xstrata. The consortium operates the Cerrejon Zona Norte (CZN) project, the largest coal mine in Latin America and the largest open-pit coal mine in the world. CZN is an integrated system of mine, railroad, and a Caribbean coast export terminal, and accounted for 38 percent of Colombia’s production in 2011, or about 31 MMst.
US-based Drummond Company operates the second-largest coal mining operation in Colombia, La Loma, which is also an integrated mine-railway-port project, producing about 27 MMst in 2011, or 33 percent. In June 2011, Drummond entered into an 80-20 percent partnership with Japan’s Itochu Corp., known as Drummond International, which now owns and operates its Colombia interests. Itochu’s initial investment of $1.5 billion will enable expansion of the project with the construction of a new export facility and the increase of export capacity to 40-45 MMst per year. The partnership is aiming to increase coal exports to Japan and other Asian countries.
Exports
Colombia exported 76.4 MMst in 2010, mainly to Europe, other South American countries, and the United States. Coal exports are an important part of the Colombian economy. Coal is the country’s second-largest export after oil and represented 15 percent of export earnings in 2010. The United States and Colombia have a major trading relationship in this sector and in 2010 Colombian coal represented 75 percent of U.S. coal imports, or 14.6 MMst. In 2011, the United States imported 9.5 MMst, or 73 percent, as U.S. coal imports declined.
Colombia recently began exporting sizable quantities of coal to Asian markets, especially China. According to Global Trade Information Services, Asia’s share of Colombian coal exports grew from less than one percent in 2009 to 12.7 percent in 2010. A combination of higher prices in Asia, lower freight costs, and falling exports to the United States spurred this expansion into Asian markets. In May 2012, talks were held in Beijing between the presidents of China and Colombia regarding China’s interest in investing in Colombia’s coal sector and the construction of a railroad to the Pacific coast to facilitate exports to Asia. Both the expansion of the Panama Canal (currently slated for completion by 2015) and Chinese-backed transportation infrastructure projects could generate greater exports of Colombian coal to Asia in the future.
*The coal export information within this article is provided by COALspot.com on an "as is" and "as available” basis. All details about, given in good faith and has been collected from various press reports, Related departments, organization and individuals considered reliable but without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.* Figures are subject to verification (cs)
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Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
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- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- The University of Queensland
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
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