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Thursday, 24 October 19
AUSTRALIA'S HOPES TO EXPAND COAL EXPORTS IN SOUTH-EAST ASIA 'DELUSIONAL', EXPERTS SAY - THE GUARDIAN
 The number of new coal-fired power plants starting construction across south-east Asia has fallen markedly over the past two years as Australia has increasingly looked to the region to expand its thermal coal exports.
Analysis by US-based climate research and advocacy group Global Energy Monitor found work on only 1.5 gigawatts of new coal generation – equivalent to one large Australian plant – began in the region in the six months to June, all of it in Indonesia.
It follows construction starting on plants with a capacity of 2.7 gigawatts last year, a 57% fall below 2017 levels and 79% less than in 2016.
While coal plants take years to build and some under construction are yet to come online, analysts said it raised doubts about whether demand in south-east Asia would continue to grow as the Morrison government expected.
The government’s chief economist reported in September that south-east Asia was expected to be a key source of growth for thermal coal exports as demand from the biggest markets in Japan, China and Korea declined in coming years. The region increased imports by 15% in 2018 and was the only area in which coal’s share of electricity generation rose.
But Ted Nace, Global Energy Monitor’s executive director, said the latest data suggested the expected south-east Asian thermal coal expansion could turn out to be “more fizz than boom”.
He said as the impetus to combat the climate crisis grew, it was increasingly difficult to get people to commit the hundreds of millions needed to build a coal generator.
“The number of plants entering construction during the first six months of 2019 is extremely low and we see this decline continuing,” he said.
The Morrison government says it is committed to the Paris agreement goals, including limiting global heating to as close to 1.5C as possible. The UN’s Intergovernmental Panel on Climate Change last year estimated that reaching the goal would require a 59% to 78% cut in coal use for electricity by 2030 compared with 2010 levels, followed by deeper reductions by mid-century.
Despite this, documents released to the Australian Conservation Foundation under freedom of information laws show department advice to Scott Morrison before a visit to Vietnam in August “strongly recommended” he focus on expanding coal exports. The emailed advice said the potential growth in exports to Vietnam could “partially mitigate declining exports elsewhere, notably China”.
The Global Energy Monitor analysis identified Vietnam as having the largest number of coal projects at pre-construction stage in south-east Asia, with 22.9 gigawatts proposed. It found another 26.4 gigawatts had been cancelled over the past five years before being built and work on only 1.5 gigawatts had begun since the end of 2016.
Across south-east Asia, 53.4 gigawatts of capacity is listed as at pre-construction stage but 69.6 gigawatts have been cancelled since 2015.
About three-quarters of Australia’s thermal coal export earnings are tied to three countries – Japan (45% of sales), China (16%) and South Korea (15%). The government’s office of the chief economist forecasts sales to Japan and Korea to steadily decline as the countries move away from coal. China is considered less predictable, in part due to the potential for abrupt changes in government policy.
Tim Buckley, from thinktank the Institute for Energy Economics and Financial Analysis, said the number of Asian coal projects to have secured financial backing had fallen by between 50% and 70% over the past three years, while the rate of plant closures had increased 50%.
He said it suggested Australia’s thermal coal sales would steadily decline over two-to-three decades. “Any suggestion that thermal coal exports have growth potential is delusional or outright misleading,” he said.
Source: The Guardian
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Wednesday, 11 September 19
THE INDONESIAN COAL PRICE REFERENCE FELL HEAVILY IN SEPTEMBER
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 11 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
We are going through one of the rare instances where we see optimism building in the dry bulk industry and, as the momentum is still going, the bel ...
Monday, 09 September 19
INDIAN COMPANIES READY TO INVEST IN DEVELOPMENT OF NEW COAL DEPOSITS IN RUSSIA'S YAKUTIA - TASS
Indian metallurgical companies, which received trial batches of coal from Kolmar mining company, are satisfied with the quality of the products and ...
Monday, 09 September 19
COLOMBIA COAL OUTPUT DOWN YEAR-ON-YEAR IN 2ND QUARTER - REUTERS
Colombia, the world’s fifth-largest exporter of coal, produced 18.9 million tonnes of the fuel in the second quarter, down 4.5% from the same ...
Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Planning Commission, India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
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