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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, 04 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 ...
Thursday, 04 June 20
DON'T FORGET THE REAL PURPOSE OF RISK ASSESSMENTS - GARD
KNOWLEDGE TO ELEVATE
When doing a risk assessment, we often overcomplicate it and forget its real purpose.
Rather than ensuring that crew ...
Wednesday, 03 June 20
MARKET INSIGHT - INTERMODAL
Once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to o ...
Tuesday, 02 June 20
KOSPO LOOKING FOR 80000 MT OF 4200 NCV COAL FOR JULY
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) 4200 NCV coal for 12 - 21, July ...
Tuesday, 02 June 20
INDONESIAN COAL MINER BUMI RESOURCES Q1 OUTPUT UP 5% - REUTERS
Indonesia’s largest coal miner Bumi Resources posted a 5% increase in first-quarter output at 20.8 million tonnes, the company said in a stat ...
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- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Australian Coal Association
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
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