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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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Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
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- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
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