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Saturday, 10 August 13
MOODY'S: OUTLOOK FOR US COAL INDUSTRY CHANGES TO STABLE FROM NEGATIVE
 Moody's Investors Service has changed its outlook for the US coal industry to stable from negative, the rating agency says in a new report, "US Coal Industry Outlook Stabilizes as Business Conditions Hit Bottom." Moody's does not expect industry fundamentals to deteriorate further over the next 12 to 18 months, though business conditions remain very weak.
"The stable outlook reflects our expectation that over the next year or so coal-fired power plants will capture roughly 40% of US electricity generation, up from 37% in 2012," says Vice President-Senior Analyst, Anna Zubets-Anderson. "Coal inventories had fallen to roughly 164 million short tons by July this year, so we expect modest improvements in thermal coal production and pricing next year."
Sustained natural gas prices will prop up demand for the thermal coal used in power production through mid-2014 to early 2015, Anna Zubets-Anderson says, while supply rationalization should help stabilize prices for metallurgical coal, which is used in steelmaking. Nonetheless, the US coal industry has little room left to cut costs, and will earn lower EBITDA in 2013 than in 2012 due to lower prices, before EBITDA flattens in 2014.
Coal producers in the Powder River and Illinois basins will continue to capture market share at the expense of Central Appalachian producers, where high mining costs and competition from natural gas will reinforce a secular decline, Moody's says.
Among companies, low-cost producers such as Cloud Peak Energy Resources and Foresight Energy will benefit the most from higher natural gas and thermal coal prices and higher peak-season coal demand. Central Appalachian producers such as James River Coal, on the other hand, will continue to see pressure on volumes and pricing.
And companies with significant exposure to metallurgical coal, such as Alpha Natural Resources and Walter Energy, will feel pressure from low prices at least though next year. Producers will generate less EBITDA from met coal in 2014 than in 2013, as higher-priced contracts expire.
Source: Moody's / Hellenic Shipping
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Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
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- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
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