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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 ($102.55 million), New Hope said, adding that it would continue to deny the claims.
A court last year found that New Hope was not required to fulfil its units’ debts, as claimed by Wiggins Island Coal Export Terminal (WICET) and the liquidators .
Source: Reuters (Reporting by Rashmi Ashok in Bengaluru; Editing by Simon Cameron-Moore)
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Thursday, 11 June 20
JAN-MAY, INDONESIA SHIPPED 175.15 MILLION TONS OF COAL TO ITS OVERSEAS BUYERS
Indonesia's coal production for the first 5 months of this year have reached 228 million tons. January – May 2020, Indonesia shipped US$ ...
Thursday, 11 June 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Wednesday, 10 June 20
OPEC+ CUTS EXTENSION TO ACCELERATE MARKET REBALANCING - FITCH RATINGS
Fitch Ratings-London-08 June 2020: The OPEC+ agreement to extend by one month record oil production cuts should accelerate market rebalancing, Fitc ...
Wednesday, 10 June 20
MARKET INSIGHT - INTERMODAL
In contrast to the economic projections of the past two years for the first half of 2020, the oil & gas industry and those involved in it faced ...
Wednesday, 10 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.19 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.71 points Monday, down 0.19 percent week on week.
The index, released by Chi ...
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Showing 916 to 920 news of total 6871 |
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- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
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