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Friday, 29 May 20
AUSTRALIA'S NEW HOPE WARNS OF HIT FROM COAL PRICE SLUMP - REUTERS
 Australia’s New Hope Corp Ltd said on Thursday that a sudden drop in thermal coal prices and lower output from its Queensland operations would hurt its financial performance in the second half of the year.
“As a result of reduced electricity demand across most global markets, thermal coal demand and price has declined sharply since the beginning of April 2020,” the coal miner said in a quarterly update.
The coronavirus outbreak had affected all markets and coal types, destroying global power demand more rapidly and on a greater scale than seen during the global financial crisis of 2008, it added.
High levels of Indian coal stocks, the uncertain pace of Japan’s recovery and low coal imports from Europe were all posing negatives for the thermal coal market, the miner said.
However, offering some relief, New Hope said a pick-up in Chinese industrial activity and power consumption, along with firm demand from Vietnam, Taiwan and Korea had supported a recovery in prices in recent weeks.
Meanwhile, the company said it was currently searching for a new chief executive, after industry veteran Shane Stephan recently announced his retirement effective on August 31.
New Hope also said it had been informed by the Australian high court that special leave applications had been submitted by Wiggins Island Coal Export Terminal (WICET) and liquidators regarding debts owed by its two units, Northern Energy Corporation and Colton Coal.
Both units are currently under liquidation. If the applications and the appeal are successful, the company could be exposed to a liability of about A$155 million ($102.55 million), New Hope said, adding that it would continue to deny the claims.
A court last year found that New Hope was not required to fulfil its units’ debts, as claimed by Wiggins Island Coal Export Terminal (WICET) and the liquidators .
Source: Reuters (Reporting by Rashmi Ashok in Bengaluru; Editing by Simon Cameron-Moore)
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Tuesday, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
Capturing shut-ins in real time
Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
Capesize
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the mar ...
Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create dema ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Economic Council, Georgia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
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