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Monday, 09 July 18
RISING COAL PRICES LIFTING AUSTRALIA'S EXPORT REVENUES BUT INVESTORS STAYING AWAY - NEWCASTLE HERALD
 Newcastle coal prices have risen more than 40 per cent in a year to be at their highest levels for seven years but the industry is becoming increasingly isolated as traditional sources of investment funds dry up.
One of the important indicators of the global coal market, the McCloskey spot price index for Newcastle thermal coal bound for Japanese power stations, has risen from $US101.60 a tonne ($135.40) a year ago to $US115.50 ($156) during the last two weeks of June.
A year ago, the McCloskey index was $US79.95 ($105), meaning the index has risen almost 45 per cent in a year.
Analysts say the higher prices indicate restrictions in supply. In the years before sentiment turned against coal, mining companies would have reacted to an increase in demand by opening new mines or expanding existing ones to lift production.
But with big banks increasingly unwilling to lend on coal projects, analysts say the industry will have to find non-traditional sources of finance, such as private equity. They say the lack of finance also means prices for thermal coal, and for coking coal used in steelmaking, are unlikely to fall back to the low levels that saw thermal coal bottom out at less than $US50 ($68) a tonne in the first half of 2016.
A new commodities report this week by the National Australia Bank predicted an average thermal coal price this year of $US98 ($132.50) this year, up 12 per cent on last year. The price rises mean coal is likely to top iron ore as Australia’s biggest export earner this year.
Despite the available profits in the sector – Newcastle exporter Whitehaven’s share price has gone from $4.10 in March to $5.89 this week – institutional investors are increasingly staying away.
Chinese-backed Yancoal – which is listed on the stock exchange – wants a dual listing in Hong Kong, which chairman Baocai Zhang says will help “diversify Yancoal’s investor base”.
As an example of investor reluctance, the Australian Financial Review reported this week that the $67-billion UniSuper fund had added its name to the list of funds that would no longer buy coal shares.
Source: Newcastle Herald
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Monday, 17 September 18
GLENCORE RETURNS TO JAPAN COAL TALKS SCUPPERED BY HIGH PRICES - BLOOMBERG
Mining giant Glencore Plc and Japanese utilities have resumed thermal coal supply negotiations, restarting talks that fell apart earlier this year ...
Monday, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...
Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...
Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...
Thursday, 13 September 18
OPEC SEES SLOWER 2019 OIL DEMAND GROWTH, WARNS ON ECONOMY
Crude Oil Price Movements
In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down ...
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Showing 1616 to 1620 news of total 6871 |
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Bharathi Cement Corporation - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
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