Chile mine exports 300,000 mt thermal coal to India, eyes markets in Europe, AsiaPosted by Jespersen Carrillo on February 24th, 2021 shale inhibitor drilling fluid 's most recent and biggest coal mine, Mina Invierno, which began production in January has to day exported a complete 435,000 mt of thermal coal in 5 vessels, including 2 Capesize [around 300,000 mt] freights to India, claimed a spokesperson for among the mine owners Wednesday. Santiago-headquartered delivery business Ultramar and also Chilean industrial as well as energy team Empresas Copec each have a 50% stake in the Mina Invierno coal mine which is located on Riesco Island to the west of the Brunswick peninsula and close to the Strait of Magellan at the southerly pointer of Chile. " Since today [Wednesday] we have actually loaded and also dispatched 5 vessels from Handysize to Capesize with a total amount of 435,000 mt of coal, while at the very same time examining the new [mine's] centers in the appointing procedure," stated Ian Philippi, a Mina Invierno manager, in an emailed reply to Platts' questions obtained on Wednesday night. Mina Invierno is anticipated to produce around 2.5 million mt of coal in 2013, and to increase to a manufacturing of 5.5 million mt over the next couple of years, stated Philippi. The mine produces thermal coal with a gross calorific value of 4,100 kcal/kg, 0.4% sulfur, 21% ash and also wetness of 20% on an as-received basis that is being delivered to both domestic end-user customers in Chile and also right into the global seaborne market, he stated. " As of today [Wednesday], 2 Capesize vessels have actually been delivered to India. We prepare to reach as lots of countries as possible, primarily in Asia and also Europe, yet without limitations in terms of markets," Philippi claimed. " In the medium to long-term, 30-40% of total manufacturing can be readily available for export," he included, which at Mina Invierno's full manufacturing rate of 5.5 million mt/year would certainly work out to around 1.6 million-2.2 million mt/year of coal exports. Details of Mina Invierno's coal prices and manufacturing prices were inaccessible, as Philippi would state only that the mine's task price was "competitive for worldwide markets." Coal removal began at Mina Invierno in January, after overburden removal commenced at the mine website last April, said the business exec. Chile is "heavily depending on energy imports" including coal and oil, as well as in the 2011 year the South American country imported 8.2 million short lots of coal from nations including Australia and also Colombia, according to the US Energy Info Management web site.Like it? Share it! More by this author |