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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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Thursday, 30 January 20
CAPE: WITH CHINESE NEW YEAR TAKING PLACE, THE RATES ARE REACHING FURTHER DISAPPOINTING LEVELS - FEARNLEYS
Cape
With Chinese New Year taking place, the rates are reaching further disappointing levels. Present TC average is below USD 4,500, off 24% fr ...
Wednesday, 29 January 20
INDONESIA REMAINS AT THE TOP SPOT IN 2019 AS THE LARGEST SUPPLIER OF COAL TO INDIA WITH 91.3 MLN TONNES - BANCHERO COSTA
Despite repeated promises from India’s government to reduce the country’s coal imports and increase domestic self-reliance, volumes jus ...
Wednesday, 29 January 20
MARKET INSIGHT - INTERMODAL
Last week Libya’s oil production operations were disrupted as it was reported that local Libyan tribes interrupted output at the the El Feel ...
Tuesday, 28 January 20
INDONESIA - UNCERTAINTY OVER AVAILABILITY OF LSFO - THE STANDARD CLUB
The club has received reports that low sulphur fuel is not currently readily available in all Indonesian ports and that there are local shortages.
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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
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Showing 1166 to 1170 news of total 6871 |
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- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- The University of Queensland
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
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