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-$5 per tonne.
He expected coal prices to remain at this level in 2010.
The executive declined to say whether Coeclerici's Russian operations were profitable this year.
"Like everybody, we are suffering because of the market," he said. "We are not considering Russia year-by-year but on a long-term basis only ... Of course we cannot pretend to always make money."
Source: Reuters / Forexyard
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
|
|
|
Showing 6506 to 6510 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
|
| |
| |
|
