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Re: OMOLIVES post# 314

Monday, 05/22/2017 11:12:44 PM

Monday, May 22, 2017 11:12:44 PM

Post# of 1138
Found this interesting tidbit in the 2012 annual report:

In 2012, the Group has also successfully launched pilot shipments of HCC to seaborne market customers via Far-East Russian port (Figure 5). The Group exported under FOB Nakhodka terms approximately 19.1 thousand tonnes of HCC to the Japanese market in partnership with Sumitomo Corporation in February 2012. Subsequently, in March 2012, the Group delivered under the same terms around 16.4 thousand tonnes of HCC to Mesco Steel Limited. In May 2012, a third shipment from Nakhodka delivered 17.8 thousand tonnes of HCC to China Steel Corporation, one of the Taiwanese steel mills. Furthermore, the Group has continued to investigate the possibility of delivering its coking coal products to its end-user customers in the seaborne market via Chinese ports located at Bohai Economic Rim.

I don't know what the status of MCC's overland route to the Far-East Russian port is today (did the DP prevent them from using it after 2012?), or if the economics were simply not attractive enough.
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