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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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Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions
As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
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- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- PTC India Limited - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
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