COALspot.com keeps you connected across the coal world
  • SEPTEMBER 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 65.79 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

Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...


Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.   ...


Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...


Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5539
News by Category
Popular News
 
Total Members : 26,488
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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