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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
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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
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- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Australian Coal Association
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- Goldman Sachs - Singapore
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- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Economic Council, Georgia
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- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
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