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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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Sunday, 08 March 15
FREIGHT RATES FROM INDONESIA TO INDIA IS TRENDING UP
COALspot.com: The freight market continued to see gains this week and all the indices were rose except for Cape index. The BDI was increased 4.62 p ...
Friday, 06 March 15
BALTIC DRY INDEX: IS THIS POWERFUL INDICATOR SIGNALING A GLOBAL RECESSION? - STREET AUTHORITY
Although memories of the Great Recession linger, a case can be made that better days lie ahead.
That’s because central banks around the ...
Friday, 06 March 15
U.S. WEEKLY COAL PRODUCTION ROSE 3.5% WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.1 million short tons (mmst) of coal ...
Thursday, 05 March 15
PANAMAX : THE ATLANTIC ROUND IS NOW PAYING AROUND US$ 5K PER DAY
COALspot.com: Handy - The activity in the handy/supra segment is back. “ We see more fresh cargo in the market for 2nd half March dates ...
Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
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- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Planning Commission, India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- The University of Queensland
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
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