3 January 2014

ISSUE 664

IHS McCloskey Fax

mccloskeycoal.com

ihs.com
IHS McCloskey weekly physical markers ($/t)

Market round up
ASIA Activity is slowing ahead of the Chinese New
Year. Thermal coal sentiment in China has soured
after a rise in arrivals and a 22% jump in stocks at
QHD, where prices have dropped by 4%-6% this
week. Producer price support was scaled back after
Shenhua settled Q1 prices with power groups at
RMB580-590/t. There were plenty of offers for March
arrivals from Australia, South Africa and Indonesia,
but domestic buyers were reluctant to bid.

MARkETS - STEAM COAL

Europe
Prompt DES ARA prices declined during the
week, while trading activity was limited to
one fi xed-price deal. The January contract
went through at $80/t DES Rotterdam on
Friday, which was down on Thursdays bid/
offer range of $81.50/t-$82/t DES AR and
also down from Tuesdays offer at $84/t
DES AR. The March contract saw bids in a
tight range of $81.25/t-$81.50/t and offers
between $81.50/t-$81.75/t. February was
limited to bids between $81.50/t-$83.50/t,
but there were no offers all week. On an index
basis, February traded at +$1.75/t and July at
-$0.40/t, for 50,000t of multi-origin each.

South Africa
The Richards Bay FOB prompt market ended the
week lower overall, while only two fixed-price
deals were settled. The January contract traded
at $86/t on Thursday and again at $85.25/t on
Friday, having been bid earlier in the week at
$85.75/t and offered at $86/t. February was bid
consistently at $84.20/t, while offers were in a
tight range between $84.60/t-$85.15/t. March
saw tight bid/offer ranges without trading. The
contract was bid between $83.60/t-$83.90/t and
offered between $84.60/t-$84.75/t.

Australia
The Newcastle FOB market lacked direction
during the week. Bids and offers were scarce
and there were no fi xed-price deals. The
February contract saw offers fall from a
high on Monday at $87.25/t to Fridays low
of $85.80/t. The only bid was at $83/t on
Tuesday. March followed a similar pattern
with the weeks best bid of $85.50/t on
Monday, falling to $84.50/t by the end of
the week; March was offered at $86.75/t and
$87.50/t. January was limited to offers at
$86/t and there were no bids against.
mccloskeycoal.com

EUROPE European delivered prices fell due to

growing expectations that Drummond will export
coal despite missing a January 1 deadline to convert
to direct loading operations. Weaker power and gas
prices in Germany and the UK added downward
momentum, particularly on Friday, with January
trading at $80/t DES Rotterdam, a three-month
low. Richards Bay January traded at a week low of
$85.25/t FOB on Friday.

South Korea
Korea Western Power (Kowepo) has issued a
spot tender for sub-bituminous supplies for
its 4GW Taean Power Plant. The deadline for
offers is January 7. The generator is seeking
0.14mt of 4,600kc NAR material in two
panamax shipments for delivery between
February 16-28 for the first cargo and March
16-31 for the second cargo. Coal with a total
max moisture of 28% on an as received basis,
total max ash of 17% on an air-dried basis,
and total max sulphur of 1% is requested.

South Korea
Korea East-West Power (EWP) has
launched a spot tender calling for 70,000t
of anthracite coal for its 400MW Donghae
thermal power plant. The deadline for
offers is January 3. The generator is seeking
delivery of the material between February
and June. EWP last issued a tender for
anthracite for the same facility at the start of
this year, buying 50,000t of Vietnamese coal
from Yongkwang Global at a price of $75/t.

India
Limited buying Interest from India was
seen over the week, and what was visible
indicated weaker bids. The Indonesian
market has been subdued over the holiday
period. A market for a March loading
panamax of 4,600kc NAR min material
was seen bid at $61.50/t FOB, basis 4,900kc
NAR, and offered at $62.50/t FOB on the
same basis. A January loading panamax
was offered at around $59.50/t FOB, basis
4,700kc NAR, and bid at $58.00/t FOB on
the same basis, but little else was reported.
For South African material an offer of API4
minus $8.00/t, for January loading, basis
6,000kc NAR, was seen for a cape of 5,500kc
NAR material. Bids for similar cargoes were
seen at API4 minus $10.00/t.

Steam Coal

3-Jan Wk Chg

High CV - basis 6,000kc NAR

NW Europe

CIF

81.84

(1.33)

South China*

CFR

93.75

(0.60)

ARA FOB Barge

FOB

83.90

(1.35)

Richards Bay

FOB

84.81

(0.28)

Newcastle

FOB

84.25

(0.35)

globalCOAL Newcastle

FOB

85.41

(0.89)

Colombian

FOB

67.35

(1.15)

Russia West (Baltic)

FOB

76.30

(1.35)

Russia East (Vostochniy)

FOB

88.15

(1.35)

US East Coast

FOB

73.15

(1.05)

US Gulf High-Sulphur

FOB

55.70

(0.80)

Indonesian

FOB

85.05

(0.60)

FOB

113.69

(4.80)

South China*

CFR

83.75

(0.85)

Australian

FOB

70.75

(0.80)

Indonesian

FOB

71.75

(1.05)

South African

FOB

69.15

(0.75)

India East Coast

CFR

82.45

(1.65)

High CV - basis 5,800kc NAR

Qinhuangdao (export)
Mid CV - basis 5,500kc NAR

Sub-Bituminous
South China (4,900kc NAR)*

CFR

70.15

(1.50)

Indonesian Sub-Bit (4,900kc NAR) FOB

62.15

(0.25)

Indonesian (4,200kc GAR)

FOB

38.20

(0.05)

Indonesian (3,800kc GAR)

FOB

32.10

0.05

India East Coast (5,000kc GAR)

CFR

69.85

(0.50)

India East Coast (4,200kc GAR)

CFR

50.25

(2.05)

Other
Australian Prime Hard Coking Coal

FOB

134.85

(1.33)

US High Ash High Vol

FOB

109.45

(0.85)

US Low Vol

FOB

132.20

(0.20)

USGVC Petcoke (7,500kc NAR)

Mid-sulphur

FOB

76.75

High-sulphur

FOB

55.40

* IHS McCloskey/Xinhua Infolink South China CFR markers

IHS McCloskey Indonesian Sub-Bituminous FOB marker

2014 IHS
Licensee warrants and undertakes to IHS that it
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2014 IHS

3 January 2014

McCloskey Fax | 01

International swaps

API 2 ($/t)

Atlantic thermal coal swaps declined this week,

in line with weaker physical markets. API2 Cal 14
shedding 7.7% to $80.70/t. Second quarter swaps
benchmarked against DES ARA fell 4.1% to $79.20/t.
January, February and March all declined by around
2%. In the Richards Bay market, API4 swaps were
also broadly weaker. March 14 fell by 2.8% to $82.25,
while Cal 14 fell 4.1% to $81.25.

Mid points

API 4 ($/t)
27 Dec

3 Jan

+/-

80.70

79.20

-1.50

Q3 2014

82.55

81.25

-1.30

Q3 2014

81.75

80.20

-1.55

Q4 2014

84.45

83.15

-1.30

Q4 2014

82.20

80.90

-1.30

Q1 2015

--

84.65

--

Q1 2015

--

82.05

--

Cal 2015

87.38

87.88

0.50

Cal 2015

84.58

84.43

-0.15

Cal 2016

91.38

91.63

0.25

Cal 2016

87.30

86.93

-0.38

Q2 2014

Source: IHS McCloskey

Mid points

27 Dec

3 Jan

+/-

82.25

80.75

-1.50

Q2 2014

Source: IHS McCloskey

API 8 (South China CFR 5,500kc NAR) ($/t)

globalCOAL swap Newc ($/t)

Mid points

Mid points

McCloskey swap Indonesian Sub-Bit ($/t)

27 Dec

3 Jan

+/-

27 Dec

3 Jan

+/-

Jan 2014

83.93

82.63

-1.30

Jan 2014

87.00

85.35

-1.65

Mid points
Jan 2014

27 Dec

3 Jan

+/-

62.23

61.88

-0.35

Feb 2014

82.68

81.23

-1.45

Feb 2014

Mar 2014

81.60

80.40

-1.20

Mar 2014

86.70

85.40

-1.30

86.40

84.85

-1.55

Feb 2014

61.88

61.63

-0.25

Mar 2014

61.80

61.43

-0.38

Q2 2014

81.35

80.20

-1.15

Q2 2014

84.40

83.30

-1.10

Q3 2014

81.20

80.50

-0.70

Q3 2014

84.50

82.70

-1.80

Q2 2014

61.20

60.95

-0.25

Q3 2014

61.30

61.15

Q4 2014

81.85

81.00

-0.85

Q4 2014

84.80

83.60

-1.20

Q4 2014

-0.15

61.45

61.40

-0.05

Q1 2015

--

--

--

Q1 2015

--

--

--

Q1 2015

--

--

--

Cal 2015

82.78

82.00

-0.78

Cal 2015

85.60

84.65

-0.95

Cal 2015

63.10

63.00

-0.10

Source: IHS McCloskey

Source: globalCOAL

Source: IHS McCloskey

Freight rates - Weekly averages ($/t)

Route

Tonnage

27 Dec

3 Jan

European destinations
Richards Bay/Spanish Med*
Richards Bay/Rotterdam*

70,000t

13.85

13.25

150,000t

14.80

11.85

Hampton Roads/Rotterdam*

125,000t

18.75

18.25

Puerto Bolivar/Rotterdam*

150,000t

18.55

18.30

Murmansk/Rotterdam*

70,000t

n/a

9.99

US Gulf/ARA*

65,000t

22.00

21.20

65,000t

16.60

16.50

Asian destinations
Newcastle/Japan*
Newcastle/Guangzhou^

150,000t

n/a

15.10

Newcastle/Guangzhou^

70,000t

n/a

15.20

Richards Bay/Guangzhou^

150,000t

n/a

18.75

Richards Bay/Mundra^

150,000t

n/a

19.30

70,000t

n/a

8.35

Puerto Bolivar/Guangzhou^

150,000t

n/a

32.80

Kalimantan/Krishnapatnam^

70,000t

n/a

8.55

Balikpapan/Guangzhou^

IHS McCloskey Fax

Publisher & Managing Editor
John Howland
Mobile: +44 (0) 780 301 3802

john.howland@ihs.com

Editor
Andrew Wells
Mobile: +44 (0) 7920 872254

andrew.wells@ihs.com

Markets Editor
Nick Trevethan
Tel: +44 (0)20 8276 4738

nick.trevethan@ihs.com

Asia Editor
Bruce Jacques
Mobile: +61 408 257 528

bruce.jacques@ihs.com

Asia News Editor

Billy Youngson
Tel: +65 65765412

billy.youngson@ihs.com

Senior Americas Correspondent

Jackie Cantillo
Mobile: +57 310 871 1203
jackie.cantillo@ihs.com
Senior Journalist
Darren Malone
Tel: +44 (0) 780 505 1838

darren.malone@ihs.com

Source: Clarksons*, SSY^

Senior Journalist
Robin Knight
Mobile: +44 (0) 7966 692604

IHS McCloskey Daily Markers w/e 3 Jan 2014 ($/t)

Senior Journalist
Jan Principato
Tel: +1 (912) 217-9367

jan.principato@ihs.com

Asia Analyst
Hongfei Wang
Tel: +65 65766412

hongfei.wang@ihs.com

NW Europe

Richards Bay

Australian Prime Hard Coking Coal

Monday

82.40

84.97

136.05

Tuesday

82.48

84.93

135.25

--

--

--

Wednesday
Thursday

82.02

85.28

134.05

Friday

80.47

84.06

134.05

Average

81.84

84.81

134.85

Source: IHS McCloskey

Asia Price Reporter

Diyana Putri Alan
Tel: +65 6439 6210

robin.knight@ihs.com

diyanaputri.alan@ihs.com

Asia Business Development Manager

Scott Dendy
Tel: +65 97219006
scott.dendy@ihs.com
Product Manager
Sam Shoro 

sam.shoro@ihs.com

Editorial enquiries: news@mccloskeycoal.com

Editorial Address
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London, EC3A 7BX, UK.
Tel: +44 (0) 203 1593300

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Willoughby Road
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Tel: +44 (0) 1344 328000

www.mccloskeycoal.com
ISSN: 2049-7474

02 | McCloskey Fax 3 January 2014 2014 IHS

mccloskeycoal.com

Chinese market round-up

The imports market into China this week saw
plenty of offers around, mainly for March arrival
shipments from Australia, South Africa and
Indonesia. By contrast, very few bids were seen as
sentiment among Chinese domestic traders and
power plants quickly turned bearish after insiders
revealed Shenhua had settled the prices for its
term contracts with major domestic power groups
at around RMB580-590/t for Q1.
One cape of Australian high ash material
reportedly traded into Fangcheng at $84.25/t CFR,
basis 5,500kc NAR, for March arrival.
In the Indonesian sub-bituminous market, two
February arrival panamaxes were transacted at
$66.00-66.50/t CFR, basis 4,700kc NAR, into
Guangzhou (GZ), while another panamax of higher
c.v. was sold at $69.25/t CFR, basis 4,900kc NAR,
also into GZ in February.
Domestic trades out of Qinhuangdao (QHD) were
captured in the range of $96.65-99.11/t FOB,
basis 5,500kc NAR, inclusive of VAT. Lower c.v.
material traded between $88.46-91.86/t FOB,
basis 5,000kc NAR, while 5,800kc was done at
around $103.21/t FOB.

IHS McCloskey/Xinhua Infolink

Chinese markers
QHD FOB marker - $/t
20-Dec

27-Dec

03-Jan

94.83

95.65

90.03

92.93

93.74

88.23

5,500kc NAR

100.75

102.14

97.74

5,800kc NAR

107.03

107.72

103.35

110.72

111.43

106.91

5,000kc NAR
or 4,900kc NAR

or 6,000kc NAR

Note: FOB prices include domestic taxes; $/RMB ex rate 6.331

Turkey

Freight - $/t
QHD to Shanghai

10.01

8.99

9.01

QHD to GZ

10.38

9.54

8.67

Note: QHD to Shanghai 20-30kt, QHD to GZ 40-50kt

South China CFR marker - $/t

4,900kc NAR

72.00

71.65

70.15

5,500kc NAR

84.45

84.60

83.75

6,000kc NAR

94.25

94.35

93.75

Note: CFR prices are exclusive of Chinese taxes

Source: IHS McCloskey, Xinhua Infolink

Asian swaps
It was a quiet week for the Asian swaps market,
with the Christmas and New Year break taking
many participants away from their desks. A total
of 12 trades were reported this week. Q1-14 API8
saw a massive downward correction, trading at
$80.50 towards the end of the week, down nearly

$2.00 from last weeks level.

In 2013, a total of 9.3mt of Indonesian sub-bit
was traded, compared with 2012 with a total of
5.4mt. API8 saw a total of 11.9mt traded in 2013,
compared with just 1.0mt in 2012, when the
indexfirst launched.

Indonesian Sub-bit1, API52 and API8 3 swaps

Day

Contract

Monday

API8

Period

Price

Q2-14

81.10

Vol Broker

Exchange

5,000 Marex Spectron

SGX

Thursday

API8

Q1-14

82.15

5,000 Marex Spectron

SGX

Thursday

API8

January

83.40

5,000 Marex Spectron

SGX

Thursday

API8

March

80.90

15,000 Marex Spectron

SGX

Thursday

API8

Q1-14

81.70

5,000 Marex Spectron

SGX

Thursday

Sub-bit

Q1-14

61.95

10,000 Marex Spectron

CME

Thursday

Sub-bit

Q1-14

61.90

5,000 Marex Spectron

SGX
CME

Thursday

Sub-bit

Q1-14

61.90

5,000 Marex Spectron

Friday

API8

March

79.80

15,000 Marex Spectron

SGX

Friday

API8

Q1-14

81.00

5,000 Marex Spectron

SGX

Friday

API8

Q1/Q2-14

1.10

Friday

API8

Q1-14

80.50

5,000 GFI

CME

5,000 Marex Spectron

SGX

settled against the IHS McCloskey Indonesian Sub-bituminous FOB marker.

API5 is the average of the IHS McCloskey Australian 5,500kc NAR FOB marker and the Argus Newcastle 5,500kc NAR marker

 PI8 is the average of the IHS McCloskey/Xinhua Infolink South China CFR (5,500kc NAR) marker and the Argus CFR South
A
China 5,500kc NAR marker

Source: IHS McCloskey

Morocco
Office National de lElectricite (ONE) is in
the market for 0.152mt for delivery starting
in March 2014. It is seeking four 38,000t
cargoes into the port of Nador for arrival
between March and May for its 165MW
Jerada power plant. The closing date for
mccloskeycoal.com

paid $93/t CIF Jorf Lasfar, basis 6,000kc

NAR. The tender closed December 18 and
offers were valid for two days. Deliveries
were requested for February 15, March
15 and April 15. A second tender looking
for four separate 60,000t cargoes to be
delivered between January 20-30, February
5-15, March 7 and March 5-15 was also
awarded. Price details are murky, but a
range of $94-95/t CIF Jorf Lasfar, basis
6,000kc NAR was suggested by traders. This
tender closed December 17.

offers is February 5. Typical specs for ONE are

5,800kc NAR min, with 1.5% max sulphur.

Morocco
Jorf Lasfar Electricity Company (JLEC)
recently bought 0.18mt for delivery starting
in February 2014. JLEC is believed to have

Prices for Russian and Ukrainian steam

coal cargoes for delivery into Turkey
continue to increase, mainly led by rising
freight rates. Prompt cargoes in handymax
vessels are being offered at around $9899/t CIF Iskenderun, while deliveries into
Marmara are priced around $97-98/t CIF,
for Russian material with 1% max sulpur.
Ukrainian coal is offered at a discount at
around $91-92/t CIF Marmara and $94/t
CIF Iskenderun, due to its higher sulphur
content. These prices are up $1-2/t on the
previous month. Recent deals into Turkey
have been seen at $96-97/t CIF Marmara,
basis 6,000kc NAR.
Markets - Met Coal

Australia
The prompt seaborne met coal market
remained under downward pressure during
the holiday-shortened week. A January
loading cargo of premium low-vol Australian
hard coking coal was heard offered into
Europe at around $135.50/t FOB this week,
via a trader. The cargo is said to be around
75,000t, but offered for delivery as part
of a capesize shipment. This price level is
understood to be around $1 lower compared
to an offer for the same material heard late
last week. Despite the price decline, buying
interest is said to be weak in Europe and no
deal has yet been concluded.
MINING

Indonesia
Australia-listed Killara Resources has inked
a deal with Indonesian mining contractor
Berkah Ciwi Lestari Kaltim for the further
development of its PT Borneo Emas Hitam
coal project in East Kalimantan, Indonesia.
Berkah is currently deploying heavy
equipment and personnel for an immediate
focus on overburden removal to expose coal
for extraction, with production anticipated
in the first quarter of 2014. Killara earlier
signed an offtake agreement with Coal
Operations & Assets that covers 100% of
Killara's coal production.
2014 IHS 3 January 2014 McCloskey Fax | 03

VE
SA

E
AT
D
E

TH

IHS McCloskey

South African Coal Exports

Conference 2014
29-30 January 2014 Cape Town, South Africa
The South African coal industry is one of the best placed to take advantage of the worlds
leading growth market India but exporters face many issues if they are to take full
advantage of the markets potential.
At home there is increasing regulatory and fiscal pressure on the industry and smaller
suppliers face continuing problems accessing the export infrastructure. On the international
market the competition has rarely been as intense as it is today, as reflected in current low
prices, and South Africas producers have to be on top of their game.
IHS has lined up some top drawer speakers to address the main issues, including Richards
Bay Coal Terminals Nosipho Damasane, Transnets Divyesh Kalan and South African Coal
Roadmaps Ian Hall. These will be joined by many more over the next few weeks.

Key components of the conference will be:

Buyers Panel What do buyers want from
Tomorrows southern African coal industry
South African producers in terms of quality
Where will South Africa and its neighbouring
and tonnages and where are the main markets
countries develop their coal industries and
going?
infrastructure?
The regulatory environment in South Africa
How will the plethora of new measures being
brought forward by the government impact
upon South Africas producers and investors?
Infrastructure Is it adequate for the needs of
South African exporters today and what plans
are in hand to improve access to markets?

South Africas power sector Is it on course

to provide the optimum supply to South
Africas many consumers?
Black Empowerment Can BEE suppliers
survive the intense commercial pressures being
brought to bear upon them today?

All of these and many other issues will be discussed at the

IHS McCloskeys South African Coal Exports Conference 2014.

For more information visit

www.ihs.com/SACoal2014
Questions? Contact
Natalie Smith
Phone: +44 7785 426898
Email: Coal.events@ihs.com

Canada
Vancouver-based HD Mining is facing
another legal challenge to its Murray River
coking coal project in northeastern British
Columbia. The United Steelworkers
union filed a judicial review application
with the Supreme Court of British
Columbia seeking to have HD's coal mine
exploration permit revoked. "Our union
contends that serious health and safety
issues were ignored when the permit was
granted to HD Mining in March 2012,"
Stephen Hunt, USW's director in Western
Canada said. HD Mining plans to develop
a vertical shaft, longwall operation at
Murray River.
Trade

Australia
Shipments from the major Newcastle
terminal eased in the final week of 2013,
according to filings from operator, PWCS.
They showed the terminal shipped 2.09mt
in the week to December 30, down 11.4% on
2.36mt shipped in the previous week and
representing an annualised rate of 109.02,
still above adjusted actual shipments of
105.90mt for 2012. Separate filings indicated
the NCIG terminal shipped circa 0.99mt in
the latest week, 33.6% lower than the 1.49mt
shipped in the previous week.

Japan
Petcoke imports jumped 250% year-on-year
in November, led by a near-threefold rise
in deliveries from its main supplier, the
US, according to customs data. The latest
figures show imports of petcoke rose to
0.46mt, up from 0.13mt in November 2012
and higher than 0.26mt in October. Imports
from the US were 0.33mt, up from 0.12mt
last year and higher than 0.23mt seen in
October. The increase in deliveries from
the US is partly due to the resolution of
maintenance issues at some refineries that
had disrupted output in September and

October. For January-November imports

were 4.34mt, up slightly from 4.23mt for
the same prior-year period.

US
Hampton Roads finished 2013 with
49,779,029 short tons of exports, just
over a 1.35mst increase from 2012. The
increase came despite year-on-year drops
at two of the ports three terminals during
December. Pier IX Terminal was the only
one showing gains in December 2013 with
0.66mst of exports compared to 0.55mst
in the same month of 2012. Dominion
Terminal exported 1.27mst in December
compared to 1.35mst in December 2012
while Norfolk Southerns numbers were
1.42mst for December 2013 compared to
2.01mst for December 2012.
TRANSPORTATION & LOGISTICS

India
Vessel queues at Indian coal ports have
continued to ease, according to Clarksons.
A total of nine vessels were waiting to
discharge at various Indian ports on
December 30, compared to 12 a week earlier.
Ennore had just two vessels waiting for
discharging at the port, down from four last
week. The average waiting time at the port
fell to 2.0 days, from 3.8 day a week ago.
Krishnapatnam also had two vessels lining
up outside the port for unloading, while the
average waiting time stood at 3.0 days.

Indonesia
Indonesias coal shipments to China surged
to almost their highest level of the year in
November, according to the most recently
available shipping data. China was the target
for almost 8.48mt in the month, up from
5.78mt in October, and just short of the
highest monthly total seen in 2013, which
was the 8.64mt shipped in March. Year-onyear, however, the November shipments
to China fell close to 1mt behind the tally

CUSTOMER NOTICE: Indonesian subbituminous FOB marker price survey

From today the Indonesian subbituminous FOB marker price survey will
no longer be published in the Fax. It is
available to all Fax subscribers on www.
mccloskeycoal.com under statistics:
McCloskey price data.

seen in the same month of 2012, recorded at

9.38mt. For the year to the end of November,
Indonesia sent 80.63mt of coal to China, up
from 74mt in the same period of 2012.

Australia
Vessel queues and waiting times declined
at key Australian coal terminals as activity
eased over the Christmas and New Year
period. But logistics sources also indicate
Queensland terminals face renewed
maintenance impacts early in 2014. Gladstone
is most-affected, with three-day single ship
loader closures planned for January and
February, while Dalrymple Bay has scheduled
briefer closures next week. Abbot Point
begins a 36-hour maintenance shutdown
today (Friday) while in New South Wales,
coal supply issues continue to slow vessel
movement at Port Kembla, but the queue
at Newcastle PWCS terminal is forecast to
reduce to negligible levels during January.
Australian vessel queues
Port
Abbot Point
Dalrymple Bay

Queue

Wait (days)

3-5

14

7-14

Hay Point

3-5

Gladstone

17

8-15

Brisbane

0
4-6

Newcastle
PWCS

15

NCIG

3-4

Pt Kembla

5-10

Source: IHS McCloskey

2683_0713AA

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2014 IHS 3 January 2014 McCloskey Fax | 05

VE
SA

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AT
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IHS 2nd Annual Pacific Basin

Coal Conference
24-26 February 2014 Grand Hyatt Kauai Resort and Spa, Kauai, Hawaii

06 | McCloskey Fax 3 January 2014 2014 IHS

mccloskeycoal.com

IHS McCloskey

21st Annual Coal Conference

of the Americas
12-13 March 2014 Hilton Cartagena - Cartagena, Colombia
IHS is pleased to announce that it will host the 2014 IHS McCloskey Coal Conference of the
Americas on 12-13 March in Cartagena, one of Colombias most historic and beautiful cities.
Now in its 21st year, the IHS McCloskey Coal Conference of the Americas will again bring
together the most experienced decision-makers in the coal industry and address key
important issues that they face. Delegates from across the industry and around the world will
have the chance to meet leading Colombian producers and exporters and hear them speak
about their views on todays tenuous market and prospects for growth.

Session topics will include:

Colombian coal builds for the future Updates from the large producers

Colombias prospects in the central and

southern American markets

Opening up Colombias interior to the

international market

Coverage of worldwide supply and demand

Feast to famine Where next for

Colombias US market?

Metallurgical markets supply and demand

Update of the freight markets;
Train developments in Colombia

All of these and many other issues will be discussed at the

IHS McCloskey Coal Conference of the Americas.
Register before 24 January
2014 for the best rates
Find out more at
www.ihs.com/coalconfamericas2014

REGISTER TODAY!

www.ihs.com/coalconfamericas2014
mccloskeycoal.com

Questions? Contact
Coal.events@ihs.com

2014 IHS 3 January 2014 McCloskey Fax | 07