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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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Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
Thursday, 21 May 20
KOMIPO INVITED BIDS FOR TOTAL 610000 MT OF LCV AND HCV COAL FOR 2H 2020
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) has Issued an International Tender for 130,000 mt of 5700 NCV coal an ...
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Showing 951 to 955 news of total 6871 |
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- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Australian Coal Association
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
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