COALspot.com keeps you connected across the coal world
  • THE BANGLADESH-CHINA POWER COMPANY HAS SIGNED A DEAL TO IMPORT COAL FOR PAYRA POWER PLANT WITH PT BAYAN RESOURCES
  • JUNE 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.48 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

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
Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets in the Pacific.
 
Managing director Shane Stephan said coal was being diverted to other markets where demand remained strong but at lower prices, because Chinese demand had dried up.
 
New Hope revenue from exports to China was down sharply to $11.8 million over the six months to January 31, compared with $78.7 million for the same period last year.
 
However, this was more than offset by increased sales into Japan, Taiwan and South Korea as New Hope’s revenue jumped 21 per cent to $616.7 million.
 
Mr Stephan said China was such a big producer and consumer that its actions dominated whatever happened in the Pacific market for thermal coal, with the biggest price falls evident for lower-grade product.
 
“It only needs to have a short period of imbalance between production and consumption and it can totally swamp the seaborne trade in the Pacific,” he said.
 
“So you end up with a very volatile 5500 kcal/kg price.
 
“That is what is going on now. Currently, China is not demanding imports of thermal coal and so that coal is finding another home somewhere else.”
 
Although there was no denying the impact that China’s actions, which have included long delays in processing imports, have had on price, Mr Stephan said the situation was nothing new and showed coal exporters had to be nimble and willing to shift market focus.
 
Asked whether he thought the Chinese import bottleneck was politically motivated, Mr Stephan said the drivers were not clear.
 
“It is not transparent … it has happened before and it will happen again,” he said.
 
The New Hope share price fell more than 11 per cent to $3.89 amid the concerns about Chinese demand and the company’s ongoing battle to secure mining approvals in Queensland.
 
Washington H. Soul Pattison-controlled New Hope’s earnings before interest, tax, depreciation and amortisation, before non-regular items, for the first half was $285.1 million, up 31 per cent on the same time last year.
 
Net profit after tax before non-regular items jumped 33 per cent to $159.8 million following New Hope increasing its share in the Bengalla mine in the Hunter Valley to 70 per cent after Rio Tinto sold its stake for $US606 million ($854 million).
 
New Hope is moving to 80 per cent ownership with the soon-to-be completed acquisition of Mitsui’s 10 per cent share.
 
Increased production at Bengalla saw the mine deliver a net profit after tax of $126.6 million, while Queensland mining operations contributed a NPAT of $110.9 million in a record first half for New Hope in which it declared a fully franked dividend of 8¢ a share.
 
Approval hurdles
Mr Stephan hit out at the approval process for new coal mines in Australia, highlighting the need for New Hope to keep up supply to its customers.
 
The company remains anxious to secure the necessary approvals for the continuation of the New Acland mine in Queensland after years of uncertainty.
 
It welcomed the Queensland Land Court decision to recommend the approval of stage three of the mine and a subsequent decision by the Department of Environment and Science in its favour, but warned “we have a number of other steps to go through before the future of the mine is secured”.
 
Mr Stephan said Australia was losing market share to the US and Russian competitors because of the minefield approval process.
 
“The approval processes for coal in Australia are incredibly challenging and complex and expensive,” he said.
 
“The best evidence of that is the fact that coal prices have effectively doubled in Australian-dollar terms from 2015 to now and yet we are not seeing any material change in the volume of thermal coal being exported out of Australia.”
 
Thermal coal exports have hovered near 200 million to 205 million tonnes for the past four years.
 
The Adani saga in Queensland, Rio’s exit from thermal coal, Glencore’s commitment to a production cap and a NSW Land and Environment Court ruling last month that blocked Gloucester Resources’ proposed Rocky Hill coking coal mine on the ground that it would hasten climate change, have rocked industry confidence despite some impressive profit results.
 
“It is so challenging to get approvals for even just brownfields extensions of mines in Australia,” Mr Stephan said.
 
“What is happening is that we are losing market share to Russia, we are losing market share to the Americans.
 
“Our customers in Asia need the coal. The demand is there when as a country we are not in a position to meet that demand, so we are losing market share.”
Source: The Australian Financial Review


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

Recent News

Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million to ...


Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...


Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East we ...


Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates res ...


Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
KNOWLEDGE TO ELEVATE Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platfor ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5490
News by Category
Popular News
 
Total Members : 26,248
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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