TRADING
 


The Coeclerici Group’s presence in Russia is particularly important. Its Moscow office was established in the early 1960s, and Russia quickly became one of the company’s most important trading partners. Proof of Coeclerici’s stable and prestigious presence in Russia can be seen in the fact that – up until 1989 – it was the exclusive agent for Italy of Soyouz Promexport, the Soviet Union’s only coal exporter. From the 1960s through the 1980s, Coeclerici boasted one of the only accredited offices in Moscow.

The company’s strategy entails taking over coal mines that guarantee Coeclerici high quality raw materials.

During 2002 and 2003, the Trading Division acquired exclusive international marketing rights for the 2 million-ton-a-year production of a coal mine at Kemerovo in Russia, which was built with a 18 million USD investment from Coeclerici.
Coal production is shipped to the port of Murmansk in the Barents Sea which, thanks to favorable sea current conditions, is able to operate year-round.
Coeclerici has been a partner of the port of Murmansk since 1999, when the company financed port dredging so that Coclerici-controlled vessels of up to 130,000 DWT could enter and load record-sized cargoes.
Coeclerici has a long-term contract with the port of Murmansk for a dedicated berth and a storage area, as well as two mobile coal screening and cleaning units, allowing the company to serve end users with particular coal requirements.

In line with the Group’s strategy, in 2008 Coeclerici acquired 100% of Korchakol, a low volatile coal (PCI and thermal coal) mine located in Kuzbass, near the city of Novokuznetsk in Siberia.

This acquisition includes the production site as well as a transportation system designed to carry raw materials from the mine to nearby customers and a loading center. From here, a coal wagon system carries the coal to the port of Murmansk, where Coeclerici can already boast a well established presence.

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