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Wednesday, 19 February 20
GLENCORE WRITES OFF ALMOST $1 BILLION AT COLOMBIAN COAL MINES DUE TO FALLING EUROPEAN IMPORTS: BLOOMBERG
 The economic case against European coal is proving too much for even Glencore Plc.
The world’s biggest coal shipper cut the value of its Colombian business — which mostly sells to Europe — by almost $1 billion as it adjusts to the struggling market. It also plans to stop mining coal in Colombia in next 15 years.
The announcement is another example of how climate change and Europe’s dwindling demand for coal is starting to reshape the global energy industry. A glut of natural gas, along with a milder winter, and higher costs for carbon-emissions allowances, has tilted the economics of generating electricity away from coal and toward using more gas.
Investors are piling on pressure over climate change impacts and last year Glencore agreed to cap coal production. But it’s the economics that are proving decisive.
“The Atlantic coal market, I don’t see a big recovery,” Chief Executive Officer Ivan Glasenberg said on Tuesday. “It’s clear the amount of coal being consumed in the Atlantic is decreasing.”
The collapse of European coal demand is not just a headache for Glencore. BHP Group, the biggest mining company, is looking to exit the business. One of its assets is Cerrejon, a mine in Colombia it owns with Glencore and Anglo American Plc. In the current market, there are few natural buyers.
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Friday, 06 March 20
COLOMBIAN COAL OUTPUT FELL 2% IN 2019 - REUTERS
Coal production in Colombia, the fifth-largest coal exporter in the world, fell 2% to 82.2 million tonnes in 2019 after output at one of the princi ...
Friday, 06 March 20
SOLID BACKING FOR LNG AS A MARINE FUEL - BALTIC EXCHANGE
When it comes to choosing the best fuel on the near horizon to help the international shipping industry shrink its carbon intensity by 2050, DNV GL ...
Friday, 06 March 20
INDONESIA COAL PRICE REFERENCE UP AGAIN THIS MONTH
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Thursday, 05 March 20
PANAMAX: SHIP-OWNERS HAVE MOSTLY BEEN GETTING HIGHER RATES THAN THE LAST DONE - FEARNLEYS
Cape
There is still limited amount of positive news around, with the effects of Corona virus hurting world economy. However, overall average in ...
Thursday, 05 March 20
COAL IMPORTS DOWN IN MAJOR ASIAN MARKETS, AND CORONAVIRUS NOT THE DRIVING FORCE - CLYDE RUSSELL
Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weak ...
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- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- CNBM International Corporation - China
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Australian Coal Association
- MS Steel International - UAE
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
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