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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, 19 December 18
GLOBAL SHIPPING SCOUTS FOR FUTURE GROWTH - PETER SAND, BIMCO
Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we sh ...
Wednesday, 19 December 18
SHIPPING MARKET INSIGHT - INTERMODAL
As another year is coming to an end, it is interesting to look at the main shipping markets and how these performed compared to 2017.
&nb ...
Tuesday, 18 December 18
COAL DEMAND WILL REMAIN STEADY THROUGH 2023, INTERNATIONAL ENERGY AGENCY SAYS - TOM DICHRISTOPHER, CNBC
Coal consumption is on the rise but will remain roughly stable over the next five years, the International Energy Agency forecasts.
...
Tuesday, 18 December 18
DRY BULK: IN ABSOLUTE TERMS, ALL MAIN SIZE SEGMENTS SAW THEIR ACTUAL VOLATILITY FIGURES DECREASE - ALLIED
Since the beginning of 2016, when the dry bulk market reached its absolute bottom, freight rates have been ever since on an upward trajectory. Taki ...
Tuesday, 18 December 18
COAL OUTLOOK BULLISH DESPITE WEAK CHINESE IMPORT DATA - HEREN, ICIS
Coal prices may appreciate over the remainder of 2018 even despite recent data showing falling imports from the world’s largest producer and ...
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- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- VISA Power Limited - India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Australian Coal Association
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
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