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Friday, 24 April 15
CHINA IRON ORE MINE CLOSURES TO SLOW ON GOVERNMENT SUPPORT - FITCH
 Fitch Ratings expects fewer Chinese iron ore mine closures in 2015 as the government takes steps to support the industry, which has been struggling with lower prices, and as most of the remaining mines have better attributes.
Fitch expects the government to continue introducing direct or indirect subsidies to support iron ore miners after a sharp downturn in iron ore prices in 2014 forced a slew of mines to close and increased China's reliance on imports, which reached an all-time high in 2014. The Chinese government recently said it would halve the resource tax on domestic iron ore producers to 40% from 80% from 1 May 2015, which would result in cost savings of about CNY6-15 a tonne for the miners.
Iron ore capacities in China that are still surviving either operate at lower costs, have higher grade products, are vertically integrated with steel mills, or are state-owned, which would make them less susceptible to closure.
According to the China Steel Association, the country's iron ore imports rose 13.8% in 2014 to 933 million tonnes, accounting for 78.5% of national consumption, and a 9.7pp increase from the previous year. Imports will continue to rise in 2015 as more Chinese miners shut, which will further strengthen the bargaining power of large international iron ore producers, something the Chinese government and the domestic steel industry would not want to see.
Chinese producers generally have higher production costs than their large global peers, and have struggled to compete as cheaper supply continued to flood the market. The industry association in China estimates that over 50% of Chinese iron ore mines produce at a cash cost of more than CNY500/tonne (USD81/tonne), compared with large global miners' USD20 35/tonne. Support from the Chinese government would provide a lifeline to keep domestic supply in the market for longer than would be otherwise possible.
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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