We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
 * CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not cause long-term problems
Italy's Coeclerici Coal and Fuels, one of Russia's eight largest steam coal exporters, wants to acquire a second mine in Siberia's Kuzbass region and raise exports to Asia, the company's chief executive told Reuters.
"We hope to increase tonnage. That's why we are looking for a high vols mine in Kuzbass," Giovanni Marchelli said in an emailed response to questions, referring to the amount of volatile matter found in a mine's reserves.
Coeclerici, the second-largest coal exporter at Murmansk Commercial Seaport behind Russia's SUEK, acquired its first Russian steam coal mine in April 2008.
Production at the Korchakol mine is expected to exceed 550,000 tonnes this year, up from 450,000 tonnes in 2008. Next year, output is expected to reach about 750,000 tonnes, below a target of 900,000 tonnes cited by Marchelli in January.
Historically, the company has shipped Russian coal to European markets, but Marchelli said some coal was now heading to Asia.
Major producers have increased eastbound shipments this year to take advantage of strong Asian prices, stretching Russia's limited rail capacity.
"In the last few months, we did a few cargoes and for sure it is our intention to grow in that area," Marchelli said.
SOLVING PORT PROBLEMS
Coeclerici plans to export 3 million tonnes of coal via Murmansk this year and to increase this amount in 2010.
The Murmansk port, which remains ice-free all year, is experiencing some seasonal delays associated with unloading frozen coal, though these pale in comparison with the major congestion seen in the Far East.
"There is always something unexpected. Delays could be caused by a lack of wagons, or vice-versa, by having too many wagons to be discharged," Marchelli said.
"In any case, the port always solves all problems in a very short time."
Murmansk port director Viktor Morozov said in October that his company plans to build a new terminal to double coal exports by 2015, and Marchelli said Coeclerici would take advantage of the expansion to increase exports.
He added that per-tonne prices for API2 Russian coal were now in the mid $70s, down about $10 per tonne from January, while rail freight tariffs were up about $4-$5 per tonne.
He expected coal prices to remain at this level in 2010.
The executive declined to say whether Coeclerici's Russian operations were profitable this year.
"Like everybody, we are suffering because of the market," he said. "We are not considering Russia year-by-year but on a long-term basis only ... Of course we cannot pretend to always make money."
Source: Reuters / Forexyard
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
|
|
|
Showing 5686 to 5690 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
|
| |
| |
|
