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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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Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
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- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
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- Metalloyd Limited - United Kingdom
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- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
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- Sindya Power Generating Company Private Ltd
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- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
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- Directorate Of Revenue Intelligence - India
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- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Australian Coal Association
- Tamil Nadu electricity Board
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- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
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- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- MS Steel International - UAE
- The State Trading Corporation of India Ltd
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- Economic Council, Georgia
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- The Treasury - Australian Government
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- Intertek Mineral Services - Indonesia
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- London Commodity Brokers - England
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
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- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
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- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
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- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- The University of Queensland
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- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
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- Deloitte Consulting - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
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- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
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- Planning Commission, India
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- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
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