COALspot.com keeps you connected across the coal world
  • FEB 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.89 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 18 September 18
COOLING OUTLOOK FOR COAL - KATE JONES
Baltic BriefingAt a time of increasing focus on the renewables market as the world seeks to clean up its act to prevent climate change, what is the outlook like for coal? If an August report from Statistics Market Research Consulting (Stratistics MRC) is anything to go by, the answer to that question appears to be, ‘not as bad as one might fear’.
 
The report, Coal Industry – Global Market Outlook (2017-2026), forecasts the global coal market to grow at a compound annual growth rate of 12.5% from 2017 to 2026 — and hit $34.65m by the latter year. An enlarging manufacturing base, rising economic growth and increasing electricity demand are some of the key factors propelling the growth, according to the study, though the report did claim that price instability is restricting market enlargement. Furthermore, the world coal market accounted for $11.93m last year. Based on geography, growth in the market during 2017-2026 is anticipated for the Asia-Pacific region —several nations in the area, such as China and Japan, lack energy resources and are therefore importing to meet requirements.
 
The world of the product
However, this positive picture stands somewhat alone. At the end of August, it was reported that a push to lessen the development of coal mines, as well as growing investor pressure to divest from fossil fuels, is generating a mining industry division between businesses leaving the sector and companies vowing to stay in it. Banks that have reportedly brought lending for new coal mines to a halt include Deutsche Bank and the Royal Bank of Scotland, while new project spending has dropped 80%, from $10bn in 2012 to $2.2bn this year. This trend, along with a government-led campaign in China to cut supply of domestic coal to reduce pollution, has made the coal price almost double over the last three years — to trade at $113 a tonne.
 
But some companies are staying in the industry or enlarging their presence. For the world’s biggest miner, BHP, there is confidence in coal’s staying power.
 
“The world, rightly or wrongly, is going to be using a lot of thermal coal,” claimed Peter Beaven, BHP’s chief financial officer, referring to the kind of coal used in power stations. The company has no plans to sell its coal assets — and neither does the biggest producer of seaborne coal for export globally, Glencore. In fact, Glencore is in expansion mode. This year, it purchased a 49% share in a Yancoal-operated thermal coal project in New South Wales in Australia and bought Rio Tinto’s Hail Creek coal mine in Queensland, also in Australia, for $1.7bn. The company reportedly made $2bn from its coal division in H1 2018, with the business estimating that at current prices, coal will be its largest earnings driver for the full year. Macquarie Group analysts describes the organisation as “slowly stepping into the breach, quietly consolidating its position in an unpopular sub-sector of the mining industry”.
 
However, not all coal miners have had such good fortune. In March, Rio Tinto sold its last coal mine to EMR Capital and Adaro Energy for $2.25bn, while South32 plans on selling its South African thermal coal assets to local investors later in 2018. South32 chief executive Graham Kerr has reportedly argued that thermal coal is increasingly becoming a focus of meetings with investors.
 
“Every six months, they tell you they can’t invest in you,” he noted.
 
What’s more, coal could soon find itself eclipsed by renewables. Fitch Solutions said at the end of August that renewable energy will play an increasingly important role in powering mining operations across the globe over the coming years, while Alexa Capital co-founder Gerard Reid has said that because wind and solar power have already become less expensive than coal-fired power in many parts of the world, a renewables move could happen faster than many believe.
 
The mixed messages mirror the division among investors and analysts over coal: while both the Church of England Pensions Board and BMO Global Asset Management have both turned away from supporting coal, Norway’s $1tr sovereign wealth fund (which owns Glencore shares), has said it would only exclude companies “which themselves, or through entities they control, derive 30% or more of their income from thermal coal”.
 
Area focus
Yet, Stratistics MRC’s prediction of Asia-Pacific coal market growth resonates with other indicators for the field. BP predicted that coal would likely stay the dominant energy source in Asia as late as 2040, while the Australian Bureau of Statistics said that Australia’s coal mining industry increased capital expenditure by 20% in 2017-18 to $3.5bn. However, analysts are split on how fast the planet’s largest coal consumer, China, will move away from the commodity. According to official figures, its coal consumption went up just 0.4% last year.
 
However, BHP, despite feeling that coal is set to “progressively lose competitiveness to renewables on a newbuild basis in the developed world and in China”, predicts that the crossover point will not be reached until the end of the next decade and says that coal power “is expected to retain competitiveness in India and other populous emerging markets for a much-longer time”.
 
As for the US, it was reported at the end of last month that US President Donald Trump was pushing forward with his endeavours to revive the US coal mining sector and that the Environmental Protection Agency claimed it was planning to repeal previous president Barack Obama’s Clean Power Plan, relaxing coal-fired power plant regulation. US coal miners like Peabody will no doubt be pleased by this shift in emphasis — its shares are up by 7% in the year to date, having reportedly been boosted by President Trump’s coal-supporting efforts.
Source: The Baltic Briefing


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 19 February 20
KOREA MIDLAND POWER INVITED BIDS FOR 1 MILLION TONS OF HCV AND LCV COAL FOR Q2- Q4 LOADING
COALspot.com: Korea Midland Power Co. Ltd, (KOMIPO). has issued an international tender for total 1 million MT of coal for April to December 2020 l ...


Wednesday, 19 February 20
GLENCORE WRITES OFF ALMOST $1 BILLION AT COLOMBIAN COAL MINES DUE TO FALLING EUROPEAN IMPORTS: BLOOMBERG
The economic case against European coal is proving too much for even Glencore Plc.   The world’s biggest coal shipper cut the va ...


Wednesday, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...


Wednesday, 19 February 20
AS OCEAN TEMPERATURES RISE, SHIPOWNERS LOOK FOR WAYS TO COPE - WARTSILA
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majo ...


Wednesday, 19 February 20
MARKET INSIGHT - INTERMODAL
The coronavirus outbreak is estimated to negatively affect global economy by at least EUR400bn this year, representing around the 0.4% of global GD ...


   1 2 3 4 5   
Showing 11 to 15 news of total 5762
News by Category
Popular News
 
Total Members : 26,766
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Noble Europe Ltd - UK
  • Australian Coal Association
  • Altura Mining Limited, Indonesia
  • The Treasury - Australian Government
  • Simpson Spence & Young - Indonesia
  • CCIC - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Enel Italy
  • Africa Commodities Group - South Africa
  • Coal and Oil Company - UAE
  • Bhatia International Limited - India
  • Planning Commission, India
  • ACC Limited - India
  • Indika Energy - Indonesia
  • Mechel - Russia
  • Lafarge - France
  • KPCL - India
  • Siam City Cement PLC, Thailand
  • Ministry of Finance - Indonesia
  • Chamber of Mines of South Africa
  • Platts
  • ETA - Dubai
  • CNBM International Corporation - China
  • Commonwealth Bank - Australia
  • TNB Fuel Sdn Bhd - Malaysia
  • Karbindo Abesyapradhi - Indoneisa
  • Samtan Co., Ltd - South Korea
  • Xindia Steels Limited - India
  • Karaikal Port Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Clarksons - UK
  • Carbofer General Trading SA - India
  • Jorong Barutama Greston.PT - Indonesia
  • Mercuria Energy - Indonesia
  • Interocean Group of Companies - India
  • Kartika Selabumi Mining - Indonesia
  • IBC Asia (S) Pte Ltd
  • Directorate Of Revenue Intelligence - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Freeport Indonesia
  • Price Waterhouse Coopers - Russia
  • Jaiprakash Power Ventures ltd
  • PLN Batubara - Indonesia
  • Shree Cement - India
  • VISA Power Limited - India
  • Credit Suisse - India
  • Coal Orbis AG
  • Cardiff University - UK
  • ICICI Bank Limited - India
  • Pinang Coal Indonesia
  • Thailand Anthracite
  • Leighton Contractors Pty Ltd - Australia
  • Tanito Harum - Indonesia
  • Anglo American - United Kingdom
  • Attock Cement Pakistan Limited
  • Indo Tambangraya Megah - Indonesia
  • Runge Indonesia
  • EMO - The Netherlands
  • ANZ Bank - Australia
  • Timah Investasi Mineral - Indoneisa
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Electricity Generating Authority of Thailand
  • Infraline Energy - India
  • Heidelberg Cement - Germany
  • Indorama - Singapore
  • Kumho Petrochemical, South Korea
  • CESC Limited - India
  • Dalmia Cement Bharat India
  • Ceylon Electricity Board - Sri Lanka
  • Merrill Lynch Bank
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Gupta Coal India Ltd
  • Wood Mackenzie - Singapore
  • Coeclerici Indonesia
  • Mitra SK Pvt Ltd - India
  • European Bulk Services B.V. - Netherlands
  • Adaro Indonesia
  • Berau Coal - Indonesia
  • Petrosea - Indonesia
  • GMR Energy Limited - India
  • Arch Coal - USA
  • Indogreen Group - Indonesia
  • Panama Canal Authority
  • Holcim Trading Pte Ltd - Singapore
  • Ince & co LLP
  • Vizag Seaport Private Limited - India
  • Ind-Barath Power Infra Limited - India
  • Antam Resourcindo - Indonesia
  • MS Steel International - UAE
  • BNP Paribas - Singapore
  • Indonesia Power. PT
  • Maheswari Brothers Coal Limited - India
  • Vedanta Resources Plc - India
  • Savvy Resources Ltd - HongKong
  • PetroVietnam Power Coal Import and Supply Company
  • Fearnleys - India
  • Australian Commodity Traders Exchange
  • Thomson Reuters GRC
  • Thiess Contractors Indonesia
  • Binh Thuan Hamico - Vietnam
  • Power Finance Corporation Ltd., India
  • KOWEPO - South Korea
  • Deloitte Consulting - India
  • Toyota Tsusho Corporation, Japan
  • SRK Consulting
  • HSBC - Hong Kong
  • Cigading International Bulk Terminal - Indonesia
  • WorleyParsons
  • Global Coal Blending Company Limited - Australia
  • Vale Mozambique
  • SGS (Thailand) Limited
  • South Luzon Thermal Energy Corporation
  • Coaltrans Conferences
  • NTPC Limited - India
  • Inspectorate - India
  • Coastal Gujarat Power Limited - India
  • APGENCO India
  • Merrill Lynch Commodities Europe
  • Posco Energy - South Korea
  • Agrawal Coal Company - India
  • KPMG - USA
  • Bhoruka Overseas - Indonesia
  • Borneo Indobara - Indonesia
  • White Energy Company Limited
  • Thriveni
  • Oldendorff Carriers - Singapore
  • Arutmin Indonesia
  • IOL Indonesia
  • Kideco Jaya Agung - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Lanco Infratech Ltd - India
  • Eastern Energy - Thailand
  • Parry Sugars Refinery, India
  • Idemitsu - Japan
  • Cement Manufacturers Association - India
  • London Commodity Brokers - England
  • GB Group - China
  • Miang Besar Coal Terminal - Indonesia
  • Madhucon Powers Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • Barclays Capital - USA
  • Ernst & Young Pvt. Ltd.
  • Bukit Makmur.PT - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • SUEK AG - Indonesia
  • Moodys - Singapore
  • Orica Mining Services - Indonesia
  • IMC Shipping - Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • The University of Queensland
  • Mintek Dendrill Indonesia
  • Mitsui
  • Georgia Ports Authority, United States
  • Ministry of Transport, Egypt
  • Tata Power - India
  • LBH Netherlands Bv - Netherlands
  • International Coal Ventures Pvt Ltd - India
  • IEA Clean Coal Centre - UK
  • Bank of China, Malaysia
  • Kohat Cement Company Ltd. - Pakistan
  • IHS Mccloskey Coal Group - USA
  • Essar Steel Hazira Ltd - India
  • Maersk Broker
  • Thai Mozambique Logistica
  • globalCOAL - UK
  • MEC Coal - Indonesia
  • Edison Trading Spa - Italy
  • SASOL - South Africa
  • GNFC Limited - India
  • Maybank - Singapore
  • Uttam Galva Steels Limited - India
  • Platou - Singapore
  • Reliance Power - India
  • Deutsche Bank - India
  • Bank of America
  • Indian Oil Corporation Limited
  • Singapore Mercantile Exchange
  • Globalindo Alam Lestari - Indonesia
  • J M Baxi & Co - India
  • Indian School of Mines
  • New Zealand Coal & Carbon
  • Sinarmas Energy and Mining - Indonesia
  • Bangkok Bank PCL
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Jatenergy - Australia
  • Tata Chemicals Ltd - India
  • UBS Singapore
  • Chettinad Cement Corporation Ltd - India
  • Kobe Steel Ltd - Japan
  • Geoservices-GeoAssay Lab
  • Peabody Energy - USA
  • Vitol - Bahrain
  • U S Energy Resources
  • Bulk Trading Sa - Switzerland
  • Formosa Plastics Group - Taiwan
  • Krishnapatnam Port Company Ltd. - India
  • Ministry of Mines - Canada
  • Kalimantan Lumbung Energi - Indonesia
  • JPower - Japan
  • Britmindo - Indonesia
  • Siam City Cement - Thailand
  • bp singapore
  • Parliament of New Zealand
  • Ambuja Cements Ltd - India
  • Cargill India Pvt Ltd
  • Billiton Holdings Pty Ltd - Australia
  • Straits Asia Resources Limited - Singapore
  • Argus Media - Singapore
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Maruti Cements - India
  • Rudhra Energy - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Bhushan Steel Limited - India
  • JPMorgan - India
  • OCBC - Singapore
  • Sucofindo - Indonesia
  • Japan Coal Energy Center
  • Thermax Limited - India
  • Core Mineral Indonesia
  • Total Coal South Africa
  • Gujarat Sidhee Cement - India
  • Glencore India Pvt. Ltd
  • Malabar Cements Ltd - India
  • Permata Bank - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Renaissance Capital - South Africa
  • Larsen & Toubro Limited - India
  • Shenhua Group - China
  • Rio Tinto Coal - Australia
  • Cosco
  • Adani Power Ltd - India
  • Jindal Steel & Power Ltd - India
  • Mercator Lines Limited - India
  • Banpu Public Company Limited - Thailand
  • PetroVietnam
  • GAC Shipping (India) Pvt Ltd
  • The State Trading Corporation of India Ltd
  • Intertek Mineral Services - Indonesia
  • Indonesian Coal Mining Association
  • The India Cements Ltd
  • TANGEDCO India
  • Asia Cement - Taiwan
  • OPG Power Generation Pvt Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • Malco - India
  • TNPL - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Minerals Council of Australia
  • McKinsey & Co - India
  • Sical Logistics Limited - India
  • RBS Sempra - UK
  • Orica Australia Pty. Ltd.
  • SMG Consultants - Indonesia
  • Videocon Industries ltd - India
  • Gresik Semen - Indonesia
  • CoalTek, United States
  • Manunggal Multi Energi - Indonesia
  • Eastern Coal Council - USA
  • Grasim Industreis Ltd - India
  • World Bank
  • CIMB Investment Bank - Malaysia
  • Humpuss - Indonesia
  • Central Java Power - Indonesia
  • Energy Link Ltd, New Zealand
  • UOB Asia (HK) Ltd
  • Economic Council, Georgia
  • Coalindo Energy - Indonesia
  • TeaM Sual Corporation - Philippines
  • Marubeni Corporation - India
  • Asian Development Bank
  • Sakthi Sugars Limited - India
  • Sojitz Corporation - Japan
  • Asmin Koalindo Tuhup - Indonesia
  • Medco Energi Mining Internasional
  • PLN - Indonesia
  • Star Paper Mills Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • Meenaskhi Energy Private Limited - India
  • Goldman Sachs - Singapore
  • India Bulls Power Limited - India
  • Qatrana Cement - Jordan
  • Aboitiz Power Corporation - Philippines
  • Surastha Cement
  • Port Waratah Coal Services - Australia
  • ING Bank NV - Singapore
  • Standard Chartered Bank - UAE
  • Vijayanagar Sugar Pvt Ltd - India
  • Trasteel International SA, Italy
  • Latin American Coal - Colombia
  • Central Electricity Authority - India
  • Tamil Nadu electricity Board
  • Sindya Power Generating Company Private Ltd
  • KEPCO - South Korea
  • Bangladesh Power Developement Board
  • Russian Coal LLC
  • McConnell Dowell - Australia
  • Wilmar Investment Holdings
  • Salva Resources Pvt Ltd - India
  • Mitsubishi Corporation
  • PowerSource Philippines DevCo
  • Makarim & Taira - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • GHCL Limited - India
  • Barasentosa Lestari - Indonesia
  • Independent Power Producers Association of India
  • Directorate General of MIneral and Coal - Indonesia
  • Romanian Commodities Exchange
  • Mjunction Services Limited - India
  • Kaltim Prima Coal - Indonesia
  • World Coal - UK
  • Aditya Birla Group - India
  • Bharathi Cement Corporation - India
  • EIA - United States
  • Cemex - Philippines
  • Samsung - South Korea
  • Metalloyd Limited - United Kingdom
  • Sree Jayajothi Cements Limited - India
  • NALCO India
  • Riau Bara Harum - Indonesia
  • BRS Brokers - Singapore
  • Xstrata Coal
  • Inco-Indonesia
  • GVK Power & Infra Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • PTC India Limited - India
  • DBS Bank - Singapore
  • ASAPP Information Group - India
  • Coal India Limited
  • Bukit Baiduri Energy - Indonesia