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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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Friday, 17 April 20
OPEC BRACES FOR OIL MARKET'S "HISTORIC SHOCK"
OPEC released its much anticipated April monthly report.
Crude Oil Price Movements
Crude oil prices collapsed in March 2020, rec ...
Friday, 17 April 20
SAUDI ARABIA'S MAY 2020 OSPS FOR CRUDE EXPORTS BODE WELL FOR ASIAN REFINERS - WOOD MACKENZIE
On 13 April, Saudi Arabia announced the Official Selling Prices (OSPs) for its May crude oil exports. The new OSPs speak volumes about Saudi Arabia ...
Friday, 17 April 20
SEABORNE COAL PRICES UNDER PRESSURE AS DEMAND SOFTENS IN CHINA, INDIA - CLYDE RUSSELL
Worrying signs are emerging for coal exporters to the world’s biggest markets in Asia, as top buyers China and India move to favour domestic ...
Thursday, 16 April 20
THERMAL POWER SECTOR FACES BLEAK SCENARIO POST-COVID SITUATION - THE HINDU BUSINESS LINE
The centre should take a fresh look at coal-energy value chain as the sector tops the chart on loan defaults.
Covid-19 may have serv ...
Thursday, 16 April 20
CHINA'S BENCHMARK POWER COAL PRICE FALLS 5 YUAN PER TONNE - XINHUA
China’s benchmark power coal price fell by 5 yuan (about 70 U.S. cents) per tonne during the past week.
The Bohai-Rim Steam-Co ...
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- Grasim Industreis Ltd - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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