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Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
 Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president and chief executive officer (CEO) of the company, said Indian imports of coal rose a sharp 21 per cent in February, “nearly offsetting reduced demand from China” He made the comments in an earnings call with analysts as reproduced in Seeking Alpha last week. His comments show that despite attempts by the Indian government to push production of domestic coal, global miners see no cause for worry.
“Through March, Indian imports were up 6 million tonnes compared to the prior year, as utilities rebuild stockpiles and domestic production fails to keep pace with demand,” Kellow added.
The ministry of coal has not yet released data on the total imports by India for 2017-18. But, according to a reply to a question in Parliament, the total import of both coking coal, used by the steel industry, and of non-coking coal, used by other sectors like power plants, has come down 6.37 per cent as of March 31, 2107. Peabody’s upbeat note indicates the trend is likely to be reversed.
The US firm had filed for bankruptcy protection in April 2016, but the revival of the global market for minerals, including coal, has turned it around. US Energy Secretary Rick Perry on a recent tour of India had remarked that he was pleased about coal imports that had begun from the US to India. India and other Asian countries are also importing other energy fuels, including oil and gas, from the US. Perry said some of those imports would cut the adverse US trade deficit with countries like India, which had a surplus of $22 billion in balance of payments with the US.
Global miners like Peabody have also benefited by locking themselves into fixed price agreements for selling coal to India among other countries. This will help the companies to buffer themselves against a dip in coal prices that could upset their balance sheets. In the same call Kellow said, “Peabody has secured additional fixed price agreements to capitalise on strong thermal processing levels. We now have approximately 5.5 million tonnes locked in for 2018 at an average price of $76 per short tonne and some 2 million tonnes committed to 2019 at an average price of $75 dollars per short tonne.”
This means Indian importers of coal from the mining company, mostly port-based power plants and steel companies, will not be able to negotiate a softer price for the fuel even if local producer Coal India produces more and plans to reduce the price of its output. Peabody’s woes had come about because of a sharp drop in coal prices that had left it with an unserviceable debt pile of $10.1 billion.
However, in the earnings call, the company made no mention of plans to invest in Indian coal mines. Reversing a 44-year-old policy of keeping coal mines under the government, the ministry has opened new mines for investment by commercial miners.
Indian demand for coal is on course to compensate for the dip in demand from China. Data from the coal ministry shows, growth in supply of coal to the power sector was 7.2 per cent in 2017-18. “As estimated by the ministry of power, the pan-India growth of coal-based generation would be 5.4-5.7 per cent in the current year and the next four years,” the ministry has told Parliament.
Source: Business Standard
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Monday, 16 April 18
MINISTER IGNASIUS JONAN SPEAKS HIS MIND AT INDONESIA MINER - IAN WOLLFF
The Minister for Energy and Mineral resources, Ignasius Jonan, delivered a key note address at the Indonesia Miner conference in Jakarta on the 11 ...
Thursday, 12 April 18
THE PERFECT STORM FOR THE BIG SHIPS - THE BALTIC BRIEFING
Capesize
The perfect storm for the big ships: with holidays, force majeure in two ore exporting ports and bad weather undermining the market. A l ...
Thursday, 12 April 18
SHIPPING CAN MANAGE US-CHINA TARIFFS, BUT RISKS RISING - FITCH
Container and, to some extent, dry bulk would probably be the shipping segments most affected by the recently announced US and China tariffs, Fitch ...
Thursday, 12 April 18
SUPRAS HAVE FIXED MID $11K FOR AN INDO RV TO S. CHINA DELIVERY PHILIPPINES - FEARNLEYS
Supramax
Slow week with little light for improving rates. ECSA to Far East still around $15k + bb and same to Med ca $14k, says Fearnleys in its ...
Thursday, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE
On 26 March 2018 Mr Justice Knowles determined that the berth warranty ‘always accessible’ must mean the vess ...
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Showing 1741 to 1745 news of total 6871 |
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- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
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