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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, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- PTC India Limited - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Minerals Council of Australia
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
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