COECLERICI

The Coeclerici Group was founded in Genoa in 1895 and is one of the main international operators supplying integrated services for the procurement of raw materials, particularly coal, to the global steel and energy industry. It operates worldwide (Europe, Africa, the Americas, Asia and Australia) offering its customers highly specialised services and unique know-how in the sector.  

“In Mozambique we placed ourselves downstream of the coal value chain of the Brazilian mining giant Vale. Our specialist ships (transhippers) transport the coal from the port dock to an anchorage point twenty miles from the coast where the 180,000 tonne ships are loaded. Without our intervention, a small port like the one at Beira would only have been able to accommodate small ships which would have made the entire project uneconomical.” Andrea Clavarino, Executive Deputy Chairman of Coeclerici

Investing to strengthen your position in foreign markets is fundamental but requires a certain availability of liquidity obtained from the banking system. In such cases, the SACE guarantee can facilitate access to credit, reducing the risk for the bank.

SACE has supported Coeclerici’s expansion plans in Mozambique guaranteeing 50% of a $90 million loan for the purchase of two transhippers for transporting coal from the port of Beira on behalf of the Brazilian mining giant Vale.

Thanks to the Financial guarantee of investments, SACE – in conjunction with other credit intermediaries – guarantees lines of credit destined to support investments to strengthen the competitive position of medium and large Italian companies in foreign markets.