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Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Canyon Coal’s executive chairperson, Vuslat Bayoglu speaking at the 14th Annual Southern African Coal Conference at the Westin Hotel yesterday.
Bayoglu was part of panel participating in a session for Southern African Coal Leaders Summit.
Presenting a slide showing the total coal consumption for 2017 among the biggest users he said China consumed 3 500 million tons followed by India using 1 000 million tons and the US and Europe using slightly less.
“There is a big demand for coal, we can’t really deny it. We all like renewables, we would like to have more renewables but the reality is that the world is using to coal to power the country,” said Bayoglu.
He added that there were 1 600 new coal plants in 62 countries around the world.
“If you look at this map, US, Europe, China, especially south east Asia and Africa, all over the world there are new coal plants being built. If you look at the coal mining industries in the world. Like RioTinto sold their coal mines and Anglo America sold their Eskom coal supplying mines, South32 is in the process of selling theirs.
"Who is going to supply their coal to the world? So it is a big question right, there are people here from different parts of the world who wants to buy coal. Do you think they want to buy coal from one company? Is it healthy? There is only one company here who is growing and we all know who that is (Exxaro, South Africa’s biggest coal producer),” he said.
Bayoglu said it is important to have a healthy supply and coal mining is not a bad industry and the world needs it.
“It is not all bad on the coal side, technology with carbon captive storage there are facilities all over the world accept Southern Africa and with more investment in carbon captive storage, the world can deal with co2 emissions,” he said.
Minister Gwede Mantashe, the Minister of Mineral Resources said during his keynote address earlier that mining is an important sector of the South African economy, contributing 7 percent to GDP and contributes 40 percent to the foreign earnings of the country.
“It means that it is actually one of the sectors that sustains our current account, otherwise if it was not for mining we would have a huge current account deficit in the economy and therefore it is my considered view that we can grow the economy but if we want to organise that there is a few things we could do,” said Mantashe.
He said the first thing is that the mining sector must take pride in itself as a contributor to the economy and secondly, the sector must turn the negative narrative against it.
SOURCE: JOSEPH BOOYSEN, BUSINESS REPORT
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Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...
Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...
Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
Capesize
The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The ...
Wednesday, 24 July 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.27 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.78 points Monday, down 0.27 percent week on week.
The index, released by Chi ...
Wednesday, 24 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
Tonnes of ink has been spent analysing the rebound of the dry bulk market the last weeks with the most representative example being the rising perf ...
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- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
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