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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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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
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