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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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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- Planning Commission, India
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
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