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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, 07 February 20
CIL LOOKING TO TAP NON-POWER SECTORS FOR INCREMENTAL COAL, PTI REPORTED
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for ...
Friday, 07 February 20
VIRUS - HIT CHINA MAY NEED MORE IMPORTS OF COAL. NOW COMES THE TRICKY PART - SHIPPING IT THERE: REUTERS
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation th ...
Friday, 07 February 20
CORONAVIRUS IMPACTING THE GLOBAL SHIPPING INDUSTRY - BIMCO
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. T ...
Thursday, 06 February 20
CAPE: WEAK SUPPLY/DEMAND RATIO THE STREETS REMAIN BLOODY FOR THE BIG SHIPS - FEARNLEYS
Cape: With still a weak supply/demand ratio the streets remain bloody for the big ships, and actual spot earnings are close to zero on main short-h ...
Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could ...
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- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
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