Tag: coal

Lavna project changes its major investor?

Lavna project

A conflict is burning around the new coal terminal “Lavna” which is being developed at the northern port of Murmansk in Russia. Swiss-based MERCURIA Energy Trading S.A., one of the largest global coal traders, seems to be kicked out of the project and replaced by an unknown local entity associated with the owner of Russia’s major […]

China slashing coal imports, port projects under question

import coal restrictions

China has approved an extended 3-year programme aimed to decrease the coal consumption in 82 cities by year 2020 by 5-10% as compared to the 2016 level, the Russian business newspaper Vedomosti informs. This may lead to a significant drop in coal prices by 2020-2021. The average coal price in the first 6 months of […]

China Merchants Port expanded onto 6 continents

Newcastle Container terminal

China Merchants Port Holdings Company Ltd (CMPort) completed the transaction to acquire the Port of Newcastle, the largest port on the east coast of Australia and the world’s leading coal export facility. Forming the company’s first investment in the Oceania region, it signifies that CMPort has achieved a full coverage of the six continents. Following […]

Pakistan’s first coal terminal inaugurated

Port Qasim

Pakistan’s Prime Minister Shahid Khaqan Abbasi inaugurated the country’s first dedicated coal, clinker and cement terminal at Port Qasim on October 14, informs local media. At the official ceremony, Prime Minister said that the state-of-the-art facility would facilitate cement and clinker exports. Pakistan International Bulk Terminal (PIBT) was commissioned in early May this year and has […]

Lavna coal terminal calls for strategic investor

Lavna coal terminal

The State Transport Leasing Company (STLC), set up by the Russian Ministry of Transport to control the development of the Russian transport industry, is seeking a strategic investor for the construction of the coal terminal “Lavna” at the northern port of Murmansk, informs TASS News Agency. Lavna coal handling complex is a green field project […]

New equipment for the Coal Terminal in Vostochny Port

Heyl & Patterson (USA), the global leader in manufacturing world-class bulk material handling equipment, dispatched two tandem railcar dumpers for the largest Russian coal terminal JSC “Vostochny Port” (Russia) writes the port’s press release. The new equipment, of the total cost exceeding USD 7 mln, was shipped from Huston (USA) in late November and is […]