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Thursday, 18 June 20
INDIA: GOVT'S PLAN TO CUT COAL IMPORT GOES FOR A TOSS AS FY20 BREAKS LOGISTICS CHAIN; LOCAL OUTPUT STAGNANT - FINANCIAL EXPRESS
Weak logistics support and disrupted supply chain towards the end of the last financial year 2019-20 hit the government’s plan to cut coal imports and boost domestic production. Despite having the world’s fourth-largest coal reserves in the country, India imported about one-fourth of its domestic coal requirements in the last fiscal, mainly due to shortfall in coal production and logistical constraints in evacuation infrastructure, said a report by Care Ratings. While coal production in India remained flat – rising marginally by 0.1 per cent in FY20, imports surged 3.3 per cent. Although Coal India has been mandated by the government to replace at least 100 million tonnes of substitutable imports with domestically-produced coal in the ongoing fiscal, the effect of the nationwide lockdown may keep India relying on imports in the current fiscal too.
Coal production remains gloomy in FY21 so far
Mining was classified as an essential industry and was allowed to operate through the lockdown
period; but despite being operational, the domestic coal output shrank 14.8 per cent in two months of April and May 2020 as steel and power demand fell up to 65 per cent, and labour force left for their hometown in the wake of the pandemic. Even after the lockdown measures were gradually eased in May, the demand for coal did not see any significant pickup. Many manufacturing companies were unable to restart operations due to shortage of labour and liquidity, and power plants were not very keen to lift coal due to muted demand and high inventories, causing the coal production to shrink, the report added.
High inventories, low demand put brakes on coal offtake
Inventories of coal at thermal power plants have sharply risen in the last three months and power utilities are now refraining from purchasing more coal. To avoid the risk of coal catching fire and pilferage due to high inventories at pit-heads, coal miners are likely to cut their production till the record stockpiles are brought down to mandated levels, Care Ratings said.
Meanwhile, the Narendra Modi-led government has recently allowed commercial mining of coal, putting an end to decades-long government’s monopoly on coal production. Commercial mining is aimed to introduce competition, transparency, and private sector participation through a revenue-sharing mechanism in the coal sector. Opening up of coal mining for the private sector is expected to boost domestic production in the medium-term although it will take some time for the country to reduce over-dependence on CIL for its coal requirements, the report added.
Source: Financial Express
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Wednesday, 12 August 20
THE COAL MARKET IN ITALY - ASSOCARBONI
Italy, which in 2019 reported a decrease in thermal coal imports, with a volume of 7,5 million tons (-32% compared to 11 million tons in 2018), whi ...
Wednesday, 12 August 20
U.S. COAL PRODUCTION IN 2020 WILL DECREASE BY 29% FROM 2019 LEVELS TO 502 MMST - EIA
U.S. coal consumption, which dropped to its lowest point since April, totaled 95 MMst in the second quarter of 2020.
EIA expec ...
Tuesday, 11 August 20
BHP COAL ASSETS WORTH A BILLION LESS THAN JUST TWO YEARS AGO - IEEFA
Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting & ...
Monday, 10 August 20
COAL IMPORT DROPS 43% IN JULY OWING TO HIGH STOCKPILE AT PITHEADS, PLANTS - PTI
“The market participants seem to have adopted a wait and watch approach and are currently looking for a direction. We do not expect to see an ...
Saturday, 08 August 20
GLOBAL COAL POWER PUZZLE - BALTIC EXCHANGE
Global Energy Monitor’s latest Global Coal Plant Tracker has put another nail in the coffin for the coal-carrying fleet with its finding that ...
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- Kumho Petrochemical, South Korea
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
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