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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, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
Tuesday, 04 August 20
KOEN INVITED BIDS FOR TOTAL 900K MT OF MIN 5600 NCV COAL FOR 3 YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 260,000 to 300,000 Tons (MT) min. ...
Tuesday, 04 August 20
THE WORLD’S FLEET OF COAL-FIRED POWER STATIONS HAS GOT SMALLER FOR THE FIRST TIME ON RECORD, WITH MORE CAPACITY RETIRED IN THE FIRST HALF OF 2020 THAN THE AMOUNT OPENED - IEA
This is according to the latest Global Coal Plant Tracker (GCPT) results by Global Energy Monitor (GEM), which we completed last month and report f ...
Monday, 03 August 20
U.S. COAL CONSUMPTION, WHICH HAS DECLINED SINCE ITS 2007 PEAK, FELL TO ITS LOWEST POINT IN APRIL 2020 - EIA
According to the U.S. Energy Information Administration’s (EIA) most recent Monthly Energy Review, the United States consumed 6.5 quadrillion ...
Monday, 03 August 20
LOW OIL PRICE AND CORONA VIRUS HIT SUB-SAHARAN AFRICA OIL PRODUCERS - FITCH RATINGS
The collapse in oil prices and the coronavirus shock is worsening the fiscal and external balances of sub-Saharan African oil producers, Fitch Rati ...
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- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- The University of Queensland
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Australian Coal Association
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
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