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Wednesday, 25 March 15
AUSTRALIA SET TO ONCE AGAIN BE THE WORLD'S LARGEST COAL EXPORTER - COAL, MINERALS COUNCIL OF AUSTRALIA
Greg Evans, Executive Director - Coal, Minerals Council of Australia
Media Release: The latest Resources and Energy Quarterly published by the Department of Industry confirms that coal has a bright future in Australia and is once again set to be the world’s largest coal exporter by 2017.
Data contained in the latest report emphatically refutes claims by industry detractors that coal is in decline. While lower prices will continue to present a challenge for the industry, longer term demand fundamentals remain strong.
The process of industrialization and urbanization in Asia underpins the positive outlook for Australian coal, with our metallurgical coal and thermal coal playing an integral role in meeting steel making demand and the provision of affordable and reliable base load energy.
Australian coal is in demand across a diversity of markets notably Japan, China, India, Taiwan and Korea while many fast growing ASEAN countries will increasingly look to Australia as a reliable supplier of thermal coal for their electricity generation requirements.
The Quarterly report notes:
Metallurgical Coal
- World trade of metallurgical coal is forecast to increase by 2.3 per cent to 316 million tonnes in 2015.
- While China’s imports of metallurgical coal declined by an estimated 16 per cent to 65 million tonnes in 2014, India’s imports of metallurgical coal increased by an estimated 18 per cent to 44 million tonnes in 2014.
- Further, China’s imports of metallurgical coal are forecast to increase by 6 per cent to 69 million tonnes in 2015, and India’s imports of metallurgical coal are projected to increase at an annual average rate of 2.7 per cent to 57 million tonnes in 2020.
- Both China and India are expected to strongly rely on imports to meet this demand as local production is higher cost and lower quality.
- Over the next few years, Australia’s metallurgical coal production is projected to increase at an average annual rate of 1.8 per cent to 208 million tonnes in 2019-20.
- Australia’s exports of metallurgical coal are forecast to increase by 5 per cent to 190 million tonnes in 2014-15.
Thermal Coal
- The large number of efficient and clean coal-fired power plants under construction indicates that coal will remain the cheapest, most reliable source of energy production in the world for many years to come.
- Australia’s thermal coal production is forecast to decline slightly to 243.5 million tonnes in 2014-15.
- However, Australia’s thermal coal production is expected to increase to 246.3 million tonnes in 2015-16.
- And, from 2016-17, growth in production is projected to accelerate as projects completed during 2015 and 2016 approach full capacity.
- The Report notes that despite challenging times, Australian coal producers are gaining a bigger share of the coal export market. Exports are forecast to increase by 3.3 per cent to 201 million tonnes in 2014-15, reflecting strong growth in exports in the second half of 2014.
- Over the remainder of the outlook period, Australia’s thermal coal exports are projected to increase at an average annual rate of 3 per cent to 234 million tonnes in 2019-20.
Coal will remain a major economic driver in Australia and a significant contributor to national income that helps underpin investment, jobs and growth in the mainstream economy and across our regions.
The coal industry will be a key part of the world’s electricity generation for many years to come and continue to provide benefits for millions of Australians through cheap and reliable energy generation.
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Monday, 30 March 15
WORST IS OVER FOR THE DRY BULK MARKET, BUT THE PAIN WILL REMAIN FOR YEARS TO COME, SAYS BIMCO CHIEF ANALYST - HELLENIC SHIPPING
The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all sh ...
Monday, 30 March 15
Q3' 15 CFR SOUTH CHINA COAL SWAP: DECLINED 8.7% M-M; 12.77% Y-TO-D
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 5.00 (-8.70%) per MT month over month and US$ 1.33 (-2 ...
Monday, 30 March 15
Q2' FOB NEWCASTLE COAL SWAP CLOSED 4.47% HIGHER THAN Q4' CLOSING PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 5.42 per MT (-10.43%) month over month and US$ 1.60 (-3.32%) w ...
Sunday, 29 March 15
INDO - INDIA: SUPRAMAX & PANAMAX FREIGHT MARKET STEADY
COALspot.com: The freight market was almost stable as all segments slightly up except Panamax sector.
The BDI was up by just 0.85% week over w ...
Saturday, 28 March 15
IS NORTHERN EUROPE THE NEW MINING ELDORADO?
The Europe Mining 2015 Summit, organised by Global Summits organizer IRN on 17-18 June in Amsterdam, The Netherlands, will gather senior level repr ...
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- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
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