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Pulse of Coal - June 26
Coal industry - actual figures and facts. Partner project of the Modern Analytical Agency (CAA) and the EastRussia portal
Mining, logistics, prices, export - all that the coal industry in Russia and in the world lives on is concise and to the point - in a new partner project of the Modern Analytical Agency (CAA) and the EastRussia portal
A brief overview of the global coal market
Last week, the European market saw a strengthening of steam coal quotes above $ 114 / t. The persisting high temperatures in some EU countries and the upward trend in natural gas prices, which strengthened to 31.7 € / MWh (+3.5 € / MWh by 16.06.2021), had a positive effect on coal prices. The heat in Europe provokes an increase in energy consumption for air conditioning - power plants consume, on the one hand, more coal, and on the other, more gas, which could be used to replenish the stocks in storage facilities that were wasted during the cold winter. Currently, the level of gas reserves in European underground storage facilities is 44%. The decrease in wind generation in Europe provided additional support to coal indices and amounted to 425 GWh (-53 GWh by 16.06.2021). Coal reserves at ARA terminals are at the level of 4.7 million tons (-0.1 million tons by June 16.06.2021, XNUMX)
Due to the high price of South African material over $ 114 / t. Indian generators and Pakistani cement producers have cut their purchases of coal from South Africa. Nevertheless, a series of large deals for the purchase of medium-calorie coal of South African origin strengthened the quotes last week. Coal reserves at Richards Bay terminals increased to 3.4 million tons (+0.5 million tons by June 16.06.2021, XNUMX).
Coal prices of 5500 kcal / kg NAR of domestic production in the port of Qinhuangdao exceeded $ 152 / t. The partial suspension of coal mining in a number of Chinese provinces amid public holidays contributes to an increase in coal prices in the Chinese domestic market.
In May 2021, China's coal imports reached 21 million tons (-5% compared to May 2020) Due to limited supplies of material from Indonesia and Mongolia, China increased imports of Russian coal to 5 million tons (+ 112% against May 2020) g.).
Limited supplies of Australian coal and demand from Asia-Pacific generating companies, driven by high electricity consumption in the region at this time of year, keep Australian material indices above $ 130 / t.
On 23.06.2021/XNUMX/XNUMX, rail links between the Dalrymple Bay coal terminal and the Australian coal producing provinces were interrupted following a rail accident and a coal train derailed.
The upper house of the Australian parliament has blocked a government bill that allowed the National Renewable Energy Agency (ARENA) to invest in oil, gas and coal projects. Australia plans to reduce CO emissions by 20302 by 26-28% and increase the volume of investments in projects related to alternative energy up to $ 7 billion per year.
Heavy rains in the south of Indonesia limit the export of coal to Indonesian producers, which contributes to the growth of quotations above $ 100 / t. High prices for coal in the PRC's domestic market are forcing Chinese thermal power plants to reduce the consumption of local coal and increase the purchase of material from Indonesia.
Australian coking material prices hit a new two-year high of over $ 182 / t. due to continued seasonal demand from steel mills in Southeast Asia for metallurgical coal. Due to a possible shortage of coking material at the end of Q3 2021, traders in the APR market are increasing their purchases of metallurgical coal of Australian origin.
Kuzbassrazrezugol buys the Taldinsky-Zapadny mine
On June 17, 2021, Kuzbassrazrezugol (KRU), a part of the Ural Mining and Metallurgical Company (UMMC), acquired 100% of the Taldinsky-Zapadny coal mine owned by TalTEK.
The open-pit mine is located in the Kemerovo region and has balance reserves of 2.1 million tons of coal of the DG and GZhO grades.
In 2020, production volumes at the Taldinsky-Zapadny open-pit amounted to 0.83 million tonnes (+0.11 million tonnes by 2019). 0.7 million tons (82.5%) of coal were exported, of which 0.5 million tons were supplies to Ukraine.
TalTEK is an industrial holding that owns assets in mining and logistics. The company's coal mining assets include the Lugovoye, Polyan and TalTEK coal mines.
In 2019, TalTEK holding acquired the Northern Kuzbass coal company. In 2020, TalTEK produced 6.8 million tons (-0.6 million tons or -8.4% by 2019).
KRU is the second largest coal producer in Russia. The company includes the Kedrovsky, Mokhovsky, Bachatsky, Krasnobrodsky, Taldinsky, Kaltansky coal mines, as well as the Baikaimskaya mine. In 2020, the company produced 43.2 million tonnes. (-3.8 million tons or -8.1% by 2019).
Russian coal will invest 7 billion rubles in the development of the mine in Khakassia
Russian Coal, owned by Mikhail Gutseriev's SAFMAR group, plans to invest over 7 billion rubles. ($ 96.6 million) for the development of the Kirbinsky coal mine (Khakassia) in
2021-2024 The Kirbinsky coal mine is located in the Beyskoye coal field with a balance sheet reserves of D grade coal of 350 million tonnes. The volume of production at the open pit is expected to increase from 2.1 million tonnes in 2021 to 4 million tonnes in 2024.
Photo: JSC "Russian Coal"
In addition, the Russian coal company intends to build a mining and processing plant with a capacity of 5 million tons per year to process coal from the Kirbinsky coal mine. At present, Russkoye Coal has only one enrichment plant with a capacity of 4.5 million tons near the Stepnoy open-pit mine, which produces 4.5 million tons of coal annually.
Russian Coal Company is the third largest Russian coal company after SUEK and Kuzbassrazrezugol (KRU). Russian Coal owns 7 open-pit mines and one enrichment plant in Kuzbass, Amur Region, Khakassia and Krasnoyarsk Territory. In 2020, the company's production amounted to 23.9 million tons (-7.02 million tons, or -22.7% by 2019).
An accident occurred at a mine in Kuzbass
On June 19, 2021, a rock collapse at the Anzherskaya-Yuzhnaya mine in the Kemerovo Region led to the death of a miner. On May 12, 2021, all work at the mine was suspended for 20 days after inspections by the Federal Service for Environmental, Technological and Nuclear Supervision of Russia (Rostekhnadzor).
In 2017, after the death of the miner, the enterprise was closed for 1 quarter.
New railway line was launched at BAM
On June 23, 2021, traffic was opened on the new Kutykan - Kuvykta railway line, located on the Khani - Tynda section of the Baikal-Amur Mainline (BAM).
The modernization of BAM on the Hani - Tynda section provides for the construction of 14 sidings and the laying of second tracks on 7 tracks. This will allow increasing the carrying capacity on this section to 2025 million tons by 54.
Photo Shoot: goverment.ru
The construction was carried out under the program of modernization of the infrastructure of the Baikal-Amur and Trans-Siberian railways, which provides for three stages. In accordance with the first stage, the throughput capacity for all cargoes will be increased to 144 million tons by 2021. The implementation of the second stage will increase the throughput capacity for all cargoes up to 180 million tons per year until 2024. The project of the Yakut cluster with the aim of increasing coal supplies from Yakutia to the eastern ports of Russia - this is the third stage of modernization of the BAM and Transsib railways.
There are two large coal producers in the Far East - Kolmar, owned by Anna Tsivileva, and A-Property Albert Avdolyan, who manages two coal projects: Elga and Ogodzha. These companies supply coal along the Trans-Siberian Railway and the eastern part of the BAM. Kolmar and Elgaugol intend to increase production volumes, as well as existing port facilities. The throughput capacity of the new coal terminal VaninoTransUgol (VTU), built by a subsidiary of Kolmar, is 12 million tons per year. Transshipment volumes will increase to 24 million tons by 2022. Albert Avdolyan's A-Property also plans to build a coal terminal in the port of Vanino with a capacity of 2024 million tons of coal per year by 30 and an enrichment plant on Elga with a capacity of 32 million tons. stage (end of 2021) and 45 million tons at the second stage (2023). The proven reserves of the Ogodzha coal deposit are 82.7 million tons, probable reserves are 662 million tons. The design capacity of the deposit is 30 million tons of coal per year.
Coal imports of Ukraine increased by 17% in January-May 2021.
In January-May 2021, coal imports to Ukraine increased to 8.6 million tons.
(+1.3 million tons or + 17% compared to the same period last year).
Russia supplied Ukraine with 5.9 million tons or 68% of all Ukrainian imports of coal, 1.6 million tons or 18% was imported from Kazakhstan, 1.1 million tons or 14% were exported to Ukraine by the United States.
In June, coal reserves at coal-fired power plants in Ukraine reached 1.5 million tons (+0.4 million tons by May 2021). Unexpectedly low temperatures in Ukraine in early 2021 increased coal consumption by local coal-fired CHP plants and depleted material reserves to critically low levels. However, warm weather in April and May led to a recovery in coal reserves.
On December 16, 2020, Ukraine extended a 65% duty on coal imports from Russia until the end of 2021. The duty does not affect imports of anthracite and coking coal, two types of coal that are in short supply in Ukraine.