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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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Sunday, 19 April 15
THE OCEAN FREIGHT MARKET SHOWED STEADY THIS WEEK
COALspot.com: The freight market was fairly steady this week. The BDI was up 2.93% to 597 points week over week. The cape index was also increased ...
Friday, 17 April 15
IHS ENERGY EUROPEAN COAL OUTLOOK CONFERENCE
Attend the IHS Energy European Coal Outlook Conference 19-20 May in Nice, France and learn about timely concerns in today’s coal industry.
...
Friday, 17 April 15
COAL PRODUCTION IN THE U.S. UP THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 18.0 million short ...
Thursday, 16 April 15
NEW COMMODITY SUPERHIGHWAY WILL EMERGE IN CHINA, ALTERING ENERGY TRADE FLOWS - WOOD MACKENZIE
Wood Mackenzie says that China’s Go West strategy – encouraging coastal to inland flow of capital and people - will result in the forma ...
Thursday, 16 April 15
SHIPPING DEMAND TO SUFFER AS CHINESE SLOWDOWN CONFIRMED SAYS BIMCO'S CHIEF SHIPPING ANALYST - BIMCO
The Chinese economy grew by 7.0% y-o-y in the first quarter of 2015, according to National Bureau of Statistics in China. This is the weakest overa ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- White Energy Company Limited
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
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