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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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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
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