Cement News tagged under: coal
Jidong Cement awards Mechel coal contract21 December 2017, Published under Cement NewsChinese cement producer Jidong Cement has awarded a 3Mt coal supply contract to Russian mining company Mechel. "Over the year Mechel will supply up to 3Mt of steam coal mined at LLC Elgaugol's Elga Open Pit Mine and JSC Yakutugol's Neryungrinsky Open Pit Mine,” said the Russian mining company in a statement. The Elga coal complex is one of the world’s largest untapped deposits with coal reserves of around 2.2bnt in Yakutia. The Neryungrinsky mine is one of three in the company’s 197.5Mt Y... |
Coal price to come down, freight rates to harden20 December 2017, Published under Cement NewsChinese coal prices, which have fluctuated between CNY550-750/t (US$83.60-114/t) in the past two years, are set to ease going forward, as it is anticipated that the country's policy makers will allow Chinese miners to increase production again in response to prices reaching the upper range of US$100/t in Newcastle. Coal producers outside China are also ramping up production, tempted by the higher prices realised in 2017. US exports have been reported to expand at the highest pace in the l... |
ENERGY – OPEC consolidates oil while India shakes petcoke, coal high20 December 2017, Published under Cement NewsPrices at a glance Crude oil - bbl US$64.00 Coal API 4 - 1Q18 US$91.25 Coal API 4 - Cal2018 US$88.00 Petcoke USGC 4.5% 40HGI FOB US$82.00 USGC 4.5% 40HGI cf ARA US$100.50 USGC 6.5% 40HGI FOB US$72.50 USGC 6.5% 40HGI cf ARA US$91.00 In November the US dollar was supported by the US tax reform, which could see US firms repatriating profits. The lack of German government for... |
Pakistan cement producers face higher coal prices20 November 2017, Published under Cement NewsRising coal prices are presenting a risk to profit margins of cement manufactures in Pakistan. According to a local research house report, coal prices in the global markets have been on an upward trend (up 18 per cent from last July), after touching a trough at US$40/t on 16 February. It is expected that this sustained rise in coal prices will increase the cost of cement production in the short-term. Major contributory factors to the higher coal prices include China's imposition to cut p... |
Eagle Cement orders Loesche coal mill20 June 2017, Published under Cement NewsEagle Cement Corp of the Philippines has ordered a Loesche vertical roller mill for its plant in Barangay in San Ildefonso, 50km north of the capital city of Manila. The coal mill for line 3 is designed for grinding 54tph of mixed coal or 34tph of petcoke. The scope of supply also includes an LSKS classifier and corresponding filters, blowers, an inertisation unit, the gas analysis and the main drives. All components are to be delivered before the end of the 2017. |
Indian cement producers prefer imported petcoke03 April 2017, Published under Cement NewsCement producers in India continue to prefer better-quality imported petcoke at US$92/t, despite its price being double that of Indian coal, according to the Business Standard. Petcoke prices rose to US$95.75/t at the end of December and fell to US$80.50/t in early February before rising to US$92 at the end of March, S&P Global Platts was quoted. Recent auctions by Coal India yielded disappointing results as around three times more coal than petcoke is required to produce one tonne of... |
BlackGold Natural Resources Ltd completes first coal delivery to Semen Padang, Indonesia29 March 2017, Published under Cement NewsBlackGold Natural Resources Ltd announced that its subsidiary, PT Samantaka Batubara has successfully completed its first coal delivery to Indonesian producer Semen Padang. The purchase order from Padang has an approximate value of US$12.6m which BlackGold expects to complete periodically within the next 10 months. The first delivery of coal to Semen Padang was completed on 24 March 2017 and delivery by a second fleet of trucks is expected to commence by April 2017. "We are very pleased wi... |
Falling crude oil challenges uptrend, China cuts coal capacity17 March 2017, Published under Cement NewsBy Frank O Brannvoll, Cimeurope sarl, Belgium Last month the US$/EUR trading range was set at €1.04-1.08 and has held within €1.05-1.075 at €1.0720. Other than the US Federal Reserve Bank raising its overnight rate by 0.25 per cent to one per cent, there is no other major news. The increase did not have an impact on the US$/EUR rate with the expected range going forward between €1.05-1.10. Crude oil Crude oil price developments can often be considered as a front runner for ov... |
Tanzania: Dangote prepares for coal extraction in Ngaka06 March 2017, Published under Cement NewsTanzanian President, John Magufuli, has taken action to enable Dangote Cement to start mining its own coal to power its new US$650m Mtwara cement factory. Speaking at the official launch of the 580 trucks, which will be used by Dangote to transport cement from the southern region of Mtwara to the rest of the country, Mr Magufuli gave a seven-day ultimatum for the Ministry of Energy and Minerals to ensure that the coal mining area in Ngaka is available to the cement producer to start mining... |
India: Prism Cement receives part-fuel requirement for 5 years01 March 2017, Published under Cement NewsPrism Cement Ltd has successfully bid for 18,300tpa of coal from South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, in a recently-held auction of coal linkages for the cement industry, according to a filing to the Bombay Stock Exchange. With the bid, the cement producer has secured part of its fuel requirement for the next five years. The allocation was made at a nominal premium over the floor price. |