Profile cover photo
Profile photo
Komoro Coal
22 followers
22 followers
About
Posts

Post has attachment
world coal news Thursday, 16 April 15 INDIA: COAL IMPORTS RISE BY 33 PC TO 240 MT IN FY'15 – PTI
http://www.komorocoal.com/komoro-news/india-coal-imports-rise-by-33-pc-to-240-mt-in-fy15-%E2%80%93-pti.aspx
India's coal imports in the just accomplished FY 2015 improved by 33 per cent to about 240 million tonnes. According to mjunction Managing Director & CEO Viresh Oberoi , "Coal import haveincresed by 33 per cent to about 240 million tonnes in the last fiscal, "

Mjunction Services is a e-auction cooperative business enterprise between Tata Steel and SAIL. The imports have increased due to drop in the coal prices in the international market.

According to him "With the fall in international coal prices, the companies, including the power firms, in the western and southern region are buying imported coal. The coal import in 2013-14 was about 180 million tones. It is expected that the coal import in the ongoing fiscal is probably between 220-250 million tonnes."

State-run Coal India fulfills greater than 80 per cent of the domestic requirement.

 According to Coal and Power Minister Piyush Goyal , "When the country is sitting on a vast coal reserve, to import it is unfair. The production of coal has increased from 432 million tonne to 460 million tonne and will reach 493 million tonne this year, which will be a raise of over 30 million tone,"


The government has set an striving target of one billion tonne coal production for Coal India by 2020.
Photo
Add a comment...

Post has attachment
world coal news Monday, 06 April 15 CFR SOUTH CHINA COAL SWAP FALL CONTINUES
http://www.komorocoal.com/komoro-news/cfr-south-china-coal-swap-fall-continues.aspx
API 8 CFR South China Coal swap for Q2' 2015 delivery shows a decrease of US$ 5.96 (-10.37%) per MT monthly and US$ 0.98 (-1.87%) per MT weekly.

A commodity exchange is a monetary agreement where balanced price is exchanged for a set rate over a definite period of time.

According to DSP of SGX Asia Clear thermal coal derivatives, as reported on Thursday 2 April 2015, recital of CFR South China Coal exchange declines in last week. Q2, Q3 and Q4 delivery exchange were gone around US$ 6.40 per MT monthly and around $1 w-o-w.

CFR South China Coal swaps
 On 2nd April 2015, South China Coal exchange for usual Q3' 15 delivery has also decreased as US$ 6.40 per Mt month over month and stopped at US$ 50.95 a ton. According to SGX Asia Clear OTC coal swap's reports released week ended 2 April 2015, the swap for regular Q4' 2015 delivery also declined monthly and weekly,
Average Q4' 2015 delivery swap stopped at US$ 51.27 a ton on 2 April 2015 a US$ 1.11 slighter than prior week closing and a US$ 6.38 (11.07%) per MT lesser from 2 March 2015 closing price of $ 57.65.

Q2' 2015 vs Q3' 2015
On 2nd April 2015, API 8 CFR South China coal swap for standard Q2'15 delivery trade closed at US$ 51.52 pmt, $ 0.57 higher than Q3' 15 closing price of US$ 50.95.

Q2' 2015 vs Q4' 2015
On 2nd April 2015, API 8 CFR South China Coal trade for average Q2' 2015 delivery stopped US$ 0.25 (0.49%) per MT higher as compare to average Q4' 2015 delivery price of US$ 51.27.

 

 According to last week's swaps drift, usual Q2, Q3 & Q4 2015 coal swaps were decreased monthly as well as weekly.
Photo
Add a comment...

Post has attachment
world coal news Monday, 27 April 15 U.S. COAL PRODUCTION FELL BELOW ONE BILLION SHORT TONS IN 2013 – EIA
http://www.komorocoal.com/komoro-news/us-coal-production-fell-below-one-billion-short-tons-in-2013-%E2%80%93-eia.aspx
According to EIA's latest annual coal report, U.S. coal production showed a down fall of one billion short tons to 984.8 million short tons for the first time in two decades in 2013 from 1,016.5 million short tons in 2012 (3.1% fall than 2012)


In EIA's report it is noted that the production in the Western Region, which showed about 53.8% of total U.S. coal production in 2013, summed 530.2 million short tons (2.4% decrease than 2012). In the same time, U.S. coal mine productive capability declined 2.5% to 1,252.0 million short tons in 2013, a fall of 32.4 million short tons as compare to 2012.


U.S. Produced 77.229 million short tons of Lignite type of coal, 471.183 million short tons of Bituminous coal, 2.143 million short tons of Anthracite coal and 434.287 million short tons of Sub-Bituminous coal in 2013.

According to EIA's data average number of employees at U.S. coal mines lessened 10.5% to 80,396 employees, a reduction of 9,442 employees compared to 2012.

U.S. coal intake increased 4.0% to 924.4 million short tons, a rise of 35.3 million short tons in 2013 compared to 2012. The electric power sector consumed about 92.8% of the total U.S. coal consumption in 2013.

Regular sales price of coal from U.S. mines reduced from $39.95 per short ton in 2012 to $37.24 per short ton in 2013 (6.8% lesser than 2012).


Overall U.S. coal stocks reduced 16.1% to 200.4 million short tons, a fall of 38.4 million short tons. Electric power sector coal stocks reduced from 185.1 million short tons at the end of 2012 to 148.0 million short tons at the end of 2013 (20.1% lesser than 2012).
Photo
Add a comment...

Post has attachment
world coal news Friday, 17 April 15 IHS ENERGY EUROPEAN COAL OUTLOOK CONFERENCE
http://www.komorocoal.com/komoro-news/ihs-energy-european-coal-outlook-conference.aspx
The 14th IHS Energy European Coal Outlook Conference will be organized on 19-20 May in Nice, France. The basic purpose of the conference is to understand apprehension in today's coal industry.

European Coal, Currency & Instability, API 2, the Atlantic Market, US Supply into Europe, Russian Coal into Europe, the Russian Cost Revolution, The variable Ukrainian Factor, The effects of political Risks on the coal markets of Russia and Ukraine, API 4 South Africa & its markets, India's conjugal evolution and international drivers, Indonesian slow down in Asian supply growth and South Africa' Quality, distribution & limits to trade will be the key issues that will be discussed in the conference.

Delegates from across the industry and around the world will participate. It's a tremendous platform to meet leading producers and exporters and hear them speak about their analysis on today's fragile market and projection for growth.
Photo
Add a comment...

Post has attachment
world coal news Friday, 03 April 15 U.S WEEKLY COAL PRODUCTION STAYS FLAT
According to EIA latest report, United States as the world's second largest coal manufacturer produced about 18.3 million short tons (mmst) of coal in a week (For the week ended March 28, 2015). This production rate shows a 0.5% increase than last week and 10% decrease than same week of 2014.According to March 28 EIA's report annual US coal production is 229.1mmst which shows 3.4% decrease than 2014.

 The total coal production of East of the Mississippi River is 7.6 mmst (Flat week on week) and west of the Mississippi River is 10.7 mmst (up 0.94 % week on week), according to weekly figures released by the US Energy Information Agency (EIA), on April 2, 2015.
http://www.komorocoal.com/komoro-news/us-weekly-coal-production-stays-flat.aspx
Photo
Add a comment...

Post has attachment
World Coal News Saturday, 28 March 15 IS NORTHERN EUROPE THE NEW MINING ELDORADO?

Global Summits organizer IRN will organizethe Europe Mining 2015 Summit on 17-18 June in Amsterdam. Senior level representatives from the European Commission and the international mining industry will be there to help delegates in different fields like how to plan and arrange their business activities taking benefits of the latest opportunities accessible in the expanse. The topics that will be highlighted at the Summit comprise the most recent developments for active mines in Europe; future plans and objectives, new strategies as well as policy and differences in fiscal regimes.

The Netherlands, will offer a wide range of enlightening and informative presentations and case studies related to different fields. Olav Hallset, Communications Manager of the Norwegian Mineral Industry and Mona Schanche, Exploration Manager at Nordic Mining, will review northern Europe's investment potential for mining.
The Head of Metals, Minerals and Raw Materials Unit from the European Commission has also confirmed his participation as a Speaker at the Europe Mining Summit.

As declining oil price fuels lesser costs for miners and the iron ore market is intensifying in Europe. International mining companies are in search of rare earths in the continent specially uranium, iron ore, nickel, gold and phosphorus. It is expected that northern Europe will soon host more mining projects.

Finland is well known as northern Europe's top place for mining investment due to its considerable amount of copper, silver, iron ore, nickel and zinc reserves. Sweden is known as world's major iron ore mine, which produces 90 percent of all the iron in Europe According to estimation in 2025, mining production in Sweden, will be increased 3 times . Greenland holds the major deposit of rare earths. According to European Commission data, Greenland has "especially strong prospective in six of the fourteen elements on the EU critical raw materials list."  Norway has over 40 working mines in the north and has expected that it will have almost 70 in near future.
Photo
Add a comment...

Post has attachment
World Coal News Friday, 03 April 15 U.S WEEKLY COAL PRODUCTION STAYS FLAT
According to EIA latest report, United States as the world's second largest coal manufacturer produced about 18.3 million short tons (mmst) of coal in a week (For the week ended March 28, 2015). This production rate shows a 0.5% increase than last week and 10% decrease than same week of 2014.According to March 28 EIA's report annual US coal production is 229.1mmst which shows 3.4% decrease than 2014.

 The total coal production of East of the Mississippi River is 7.6 mmst (Flat week on week) and west of the Mississippi River is 10.7 mmst (up 0.94 % week on week), according to weekly figures released by the US Energy Information Agency (EIA), on April 2, 2015.
Photo
Add a comment...

Post has attachment
World Coal News Monday, 06 April 15 CFR SOUTH CHINA COAL SWAP FALL CONTINUES
API 8 CFR South China Coal swap for Q2' 2015 delivery shows a decrease of US$ 5.96 (-10.37%) per MT monthly and US$ 0.98 (-1.87%) per MT weekly.

A commodity exchange is a monetary agreement where balanced price is exchanged for a set rate over a definite period of time.

According to DSP of SGX Asia Clear thermal coal derivatives, as reported on Thursday 2 April 2015, recital of CFR South China Coal exchange declines in last week. Q2, Q3 and Q4 delivery exchange were gone around US$ 6.40 per MT monthly and around $1 w-o-w.

CFR South China Coal swaps
 On 2nd April 2015, South China Coal exchange for usual Q3' 15 delivery has also decreased as US$ 6.40 per Mt month over month and stopped at US$ 50.95 a ton. According to SGX Asia Clear OTC coal swap's reports released week ended 2 April 2015, the swap for regular Q4' 2015 delivery also declined monthly and weekly,
Average Q4' 2015 delivery swap stopped at US$ 51.27 a ton on 2 April 2015 a US$ 1.11 slighter than prior week closing and a US$ 6.38 (11.07%) per MT lesser from 2 March 2015 closing price of $ 57.65.

Q2' 2015 vs Q3' 2015
On 2nd April 2015, API 8 CFR South China coal swap for standard Q2'15 delivery trade closed at US$ 51.52 pmt, $ 0.57 higher than Q3' 15 closing price of US$ 50.95.

Q2' 2015 vs Q4' 2015
On 2nd April 2015, API 8 CFR South China Coal trade for average Q2' 2015 delivery stopped US$ 0.25 (0.49%) per MT higher as compare to average Q4' 2015 delivery price of US$ 51.27.
 
 According to last week's swaps drift, usual Q2, Q3 & Q4 2015 coal swaps were decreased monthly as well as weekly.
Photo
Add a comment...

Post has attachment
World Coal News Thursday, 16 April 15 INDIA: COAL IMPORTS RISE BY 33 PC TO 240 MT IN FY'15 – PTI
India's coal imports in the just accomplished FY 2015 improved by 33 per cent to about 240 million tonnes. According to mjunction Managing Director & CEO Viresh Oberoi , "Coal import haveincresed by 33 per cent to about 240 million tonnes in the last fiscal, "

Mjunction Services is a e-auction cooperative business enterprise between Tata Steel and SAIL. The imports have increased due to drop in the coal prices in the international market.

According to him "With the fall in international coal prices, the companies, including the power firms, in the western and southern region are buying imported coal. The coal import in 2013-14 was about 180 million tones. It is expected that the coal import in the ongoing fiscal is probably between 220-250 million tonnes."

State-run Coal India fulfills greater than 80 per cent of the domestic requirement.

 According to Coal and Power Minister Piyush Goyal , "When the country is sitting on a vast coal reserve, to import it is unfair. The production of coal has increased from 432 million tonne to 460 million tonne and will reach 493 million tonne this year, which will be a raise of over 30 million tone,"


The government has set an striving target of one billion tonne coal production for Coal India by 2020.
Photo
Add a comment...

Post has attachment
World Coal News Friday, 17 April 15 IHS ENERGY EUROPEAN COAL OUTLOOK CONFERENCE
The 14th IHS Energy European Coal Outlook Conference will be organized on 19-20 May in Nice, France. The basic purpose of the conference is to understand apprehension in today's coal industry.

European Coal, Currency & Instability, API 2, the Atlantic Market, US Supply into Europe, Russian Coal into Europe, the Russian Cost Revolution, The variable Ukrainian Factor, The effects of political Risks on the coal markets of Russia and Ukraine, API 4 South Africa & its markets, India's conjugal evolution and international drivers, Indonesian slow down in Asian supply growth and South Africa' Quality, distribution & limits to trade will be the key issues that will be discussed in the conference.

Delegates from across the industry and around the world will participate. It's a tremendous platform to meet leading producers and exporters and hear them speak about their analysis on today's fragile market and projection for growth.
Add a comment...
Wait while more posts are being loaded