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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, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- GMR Energy Limited - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- The University of Queensland
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Planning Commission, India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
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