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Thursday, 27 February 20
FOREIGN COMPANIES LIKELY TO SKIP COMMERCIAL COAL BLOCK AUCTIONS - ECONOMIC TIMES
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector. However, given the tremendous pressure, foreign companies are facing from financial institutions and environmental pressure groups, their participation in the commercial coal mining in India is doubtful.
Commercial coal block auctions are likely to receive a lukewarm response from foreign players as big companies are losing interest in a sector which has been widely seen as polluting and avoided by top banks and financial investors, experts said.
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector.
Mining major Rio Tinto sold off its last coal assets in Queensland, Australia in 2018, while BHP recently said it would exit coal if presented with opportunities. The company operates mines in Australia and Colombia.
Anglo American, a large British mining company, has decided to reduce coal production over the next two years. Australia’s largest miner Glencore said in a statement that it aims to limit coal output capacity broadly to current levels. Murray Energy Corporation (MEC), America’s largest underground coal mining company, has filed for bankruptcy.Partha Bhattacharyya, former chairman, Coal India, said large miners are facing pressure to quit coal and be more environment-friendly.
“Given the tremendous pressure they are facing from financial institutions and environmental pressure groups, their participation in the commercial coal mining in India is doubtful. Their investors would not want them to invest in new coal assets,” he said.
A senior Coal India executive said the company is finding it difficult to find bankers to assess foreign assets as they are shying away from the sector. “Early last year when Coal India invited global tenders, merchant bankers like Goldman Sachs and Merrill Lynch had already exited the dry fuel segment.”
Players like ANZ, BNP Paribas, JP Morgan joined this list later during the year,” the executive said.
Bhattacharyya said foreign companies would also find it difficult to find bankers they need for due diligence of blocks they may bid for.
An industry executive said the fall in storage cost of renewable energy puts a cloud on the future of thermal coal. “All these may indicate that fresh thermal coal based power generation may also be unviable in the near future, prompting foreign players to stay away.”
By the end of 2019, some 112 global financial institutions holding more than $10 billion worth of assets under management had already exited coal. Global insurers divested roughly $8.9 trillion of coal-based investments. Most of them now refuse to insure new coal mines and power plants.
Source: The Economic Times
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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- The University of Queensland
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
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