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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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Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
The coal sector is living under the constant threat of being blamed by environmentalists as being responsible for a world disaster called global wa ...
Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
WHO PAYS FOR IMO 2020? - FREIGHT WAVES
The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as ...
Thursday, 30 January 20
PRIVATE SECTOR COMPANIES SEEK 'LEVEL PLAYING FIELD' FOR COAL BLOCK AUCTION - PTI
Private sector companies scouting opportunities for commercial coal mining in the country are seeking a “level playing field” to encour ...
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- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
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