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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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Wednesday, 11 April 18
CHINA UTILITIES PLAN NEW COAL IMPORT PRICE INDEX TO CURB VOLATILITY - REUTERS
China’s major utilities are preparing to launch their own coal price index for imports, an official at China Huaneng Group said, in a move th ...
Wednesday, 11 April 18
US-CHINA TARIFF THREATS RAISE GLOBAL TRADE RISKS - FITCH
Escalating tariff proposals by the U.S. and Chinese governments are increasing the risks of a full-blown trade war, says Fitch Ratings. The most li ...
Tuesday, 10 April 18
BUMA GRANTED ADDITIONAL LOAN FACILITY FROM BTMU TO SUPPORT GROWTH
Press Release: PT Delta Dunia Makmur Tbk. is pleased to announce that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), signed an a ...
Monday, 09 April 18
APRIL INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST IN 2018
COALspot.com: According to latest ministerial decree, the Indonesian Coal Price Reference (HBA) decline 6.98 per cent in April 2018 compared to Mar ...
Friday, 06 April 18
TOP MINER BHP QUITS WORLD COAL ASSOCIATION OVER CLIMATE CLASH - BLOOMBERG
BHP Billiton Ltd. has severed ties with the World Coal Association over a clash of views on how to combat climate change, with the mining giant say ...
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Showing 1746 to 1750 news of total 6871 |
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- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
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