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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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Tuesday, 21 January 20
THERMAL COAL PRICES SET FOR RECOVERY THIS YEAR AS OVERSUPPLY TIGHTENS - REUTERS
Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian cou ...
Monday, 20 January 20
INDIA TO STOP SUBSTITUTABLE COAL IMPORT; CAN GO FOR AUCTION OF 100 FULLY EXPLORED NEW BLOCKS: JOSHI - PTI
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act ...
Monday, 20 January 20
CHINA DECEMBER COAL OUTPUT UP 2.4 PERCENT ON YEAR - STATS BUREAU: REUTERS
China produced 331.74 million tonnes of coal in December, up 2.4 percent on the year, the National Bureau of Statistics said on Friday.
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Monday, 20 January 20
CHINA IMPORTED 124.4 MLN TONNES OF COAL FROM INDONESIA IN 2019, UP 15.1 PERCENT YOY - BANCHERO COSTA
China's coal imports raced ahead in 2019, surprising many who had expected that in the months of 2019 to come the government would clamp down s ...
Saturday, 18 January 20
BIMCO: LOW-SULPHUR FUEL SALE JUMPS TO A 70% SHARE IN SINGAPORE, AS THE IMO 2020 SULPHUR CAP KICKS IN
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance of the IMO 2020 Sulphur Cap (IMO2020 ...
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- GMR Energy Limited - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Bhatia International Limited - India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
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