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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, 06 March 19
KOREA SOUTHERN POWER CO INVITES BIDS FOR 980,000 MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
Wednesday, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
In a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially w ...
Saturday, 02 March 19
A 60,500-TONNER WAS BOOKED DELIVERY SINGAPORE, VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $11,250 - BALTIC BRIEFING
Capesize
Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all a ...
Thursday, 28 February 19
COAL'S PERFECT STORM HITS $70 BILLION AUSTRALIAN PROJECTS - BLOOMBERG
It’s been a tough few weeks for our coal industry.
First there was a court ruling blocking a new mine on climate change ground ...
Wednesday, 27 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
With the IMO 2020 approaching, it becomes challenging for the market to accurately explore the run-up to the deadline given that marine fuel-oil of ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- MS Steel International - UAE
- Economic Council, Georgia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
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