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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), while metallurgical coal and PCI imports were stable at 3 million tons said ASSOCARBONI in its latest report.
ASSOCARBONI further noted that, coal phase-out should be progressive over time and closely connected to structural operations in the replacement production capacities and in the transmission, distribution and energy storage systems, in order to not compromise the competitiveness and safety of the Italian Electric System.
Moreover, from an environmental point of view, in a world which will continue to produce electricity from coal, the mentioned Italian phase out by 2025 will not benefit the climate change reduction, as CO2 emissions due to Italian coal-fired plants account for 0.04% of the global CO2 emissions. Although Italian plants have a minimal impact on the level of global pollution, their closing will represent a further unnecessary burden on the Italian industrial system, which will exclusively benefit foreign gas producers, such as Gazprom, the largest Russian company, or Sonatrach, the Algerian state energy company, operating on the market under oligopoly conditions.
India and China, but also other Asian economies such as Japan, South Korea and Taiwan have based their national energy plans on coal and continue to plan coal-fired expansions using the best technologies available today.
In Europe, a country like Germany, that has always used very high percentages of coal to cover national energy needs, is preparing for coal phase out over a longer time than in Italy: in the next twenty years, only the older plants will gradually be closed, while the most efficient power plants will remain in operation and will be dismissed by 2038. However, this program will have a considerable cost, estimated in a 40 billion euros’ compensation for the loss of about 20 thousand jobs and promote the conversion of the plants.
The goal of the energy transition towards a zero-emission world by 2050 brings with it very high costs: it is estimated that the climate mitigation agreed in Paris in 2015 is worth 4.500 trillion dollars globally: the most expensive international agreement in history. In the European Union alone, it could carry an average annual cost of 1.4 trillion dollars.
In conclusion, we believe that the Italian electricity system should increase the share of renewables and we hope that the Country will be able to correctly deal with the gradual procedures for plants closure, as has already done in other European countries, which although aware of the need to face an energy transition still recognize as valid the reasons that led to the construction of coal power plants: security of supply, safety and cost effectiveness, guidelines that together with the environment constitute the foundations of energy policy.
ASSOCARBONI the Italian Association of coal operators is a non-profit organisation founded in 1897, which represents national and international companies engaged in solid fuels. Its head office is in Rome and it has representative offices in London and Brussels.
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Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
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 ...
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- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- The University of Queensland
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
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