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Wednesday, 27 January 16
WORLD HARD COAL PRODUCTION AND CONSUMPTION DECLINE IN 2015 FOR THE FIRST TIME IN OVER A DECADE - VDKI
 COALspot.com: Seaborne hard coal trade and the changes in this area were decisively affected by China and India - VDKi.
China bears the greatest responsibility for the decline; it reduced its coal imports by 73 million tonnes (over 30%) in support of its own coal mining industry. When the import duty of 6% on steam coal comes to an end in February 2016 because of the entry into force of the trade treaty with China, however, the export situation might brighten, at least for Australia, said German Coal Importers Association (VDKi) in its latest press release.
According to German Coal Importer Association (VDKi), the production of hard coal (coking coal and steam coal), reported as steady for more than a decade, has presumably not only come to a standstill, but is in fact declining for the first time.
The VDKi estimates that worldwide production decreased by about 150 million to 200 million tonnes to 7 billion tonnes and that the seaborne hard coal trade fell by 50 million tonnes to 1.12 billion tonnes.
- Output fell by 110 million tonnes in China and by 70 million tonnes in the USA.
- Australia and India were able to maintain respectively even increase significantly the level of production of steam coal.
- Indonesia was unable, for many different reasons, to continue the increase in the production of steam coal of previous years; instead, the output of hard coal and lignite was reduced by 11% to 408 million tonnes.
VDKi further noted that, a significant shifts are also becoming apparent within the exporting countries:
- Australia was able to maintain its exports of 386 million tonnes at a level comparable to the previous year while South Africa stayed at 76 million tonnes in exports. Russia raised its exports by 7 million tonnes (5%) to 150 million tonnes, and Colombia increased its exports by 2.5 million tonnes to 79 million tonnes. The devaluation of the Russian ruble and the Colombian peso played a supportive role here.
- On the other hand, preliminary figures of the VDKi showed that Indonesia reduced exports by 32 million tonnes to 325 million tonnes and the USA lowered its exports by 17 million tonnes (20%) to about 65 million tonnes.
With the exception of a short period of relief, VDKi says, the world market prices for hard coal continued their slide of the last five years.
Their high point of the last year was in February 2015, when prices for steam coal posted a little over US$63 per tonne CIF ARA, and the low point (for the moment) was in December (just under US$50). In the middle of December one year before, a tonne of steam coal cost US$72, about 30% more than today.
Prices for deliveries in February and March 2016 are already under US$50, the downward trend has continued in this year, concluded German Coal Importer Association
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Thursday, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...
Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...
Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!!
The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...
Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...
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- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
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