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Thursday, 20 August 20
MINER BHP CONFIRMS PLANS TO EXIT THERMAL COAL SECTOR - THE SYDNEY MORNING HERALD
 The head of mining giant BHP has laid out plans for a reshaping of its global operations by seeking to quit thermal coal mining, offload some coking coal mines and reduce its stake in oil and gas.
Repositioning the company for a lower-carbon future, BHP chief executive Mike Henry on Tuesday confirmed it was examining options to divest from its Mt Arthur mine in NSW and the Cerrejon project in Colombia, both of which mine thermal coal – the kind used in power stations. Mr. Henry surprised investors by adding that BHP also intended to exit the BHP-Mitsui Coal joint venture, which mines coking coal – used in steelmaking – in Queensland, and would also seek to find a buyer for its 50 per cent holding in the Gippsland Basin oil and gas fields off Victoria’s coast.
The announcements were made as BHP, the world’s biggest miner, revealed an underlying profit of $US9.1 billion ($12.6 billion) for the financial year on the back of sky-high prices for iron ore. But the profit fell short of analysts’ expectations of $US9.4 billion.
Thermal coal is the world’s most carbon-intensive energy source and the focus of rising investor pressure amid concerns surrounding its contribution to global warming. Rio Tinto, the nation’s second-largest miner, has already removed all exposure to thermal coal.
Mr Henry said BHP would seek to exit the thermal and coking coal assets through either a demerger or a trade sale, while retaining its holdings in higher-quality coking coal mines. BHP would seek to grow its exposure to “future-facing” commodities, primarily copper and nickel – ingredients Mr Henry said would be increasingly required in the manufacture of green-energy technologies.
BHP’s top earner, iron ore, accounted for 66 per cent of its full-year earnings. The price of the commodity has defied predictions it is overdue for a fall and has recently surged above $US120 a tonne amid robust demand from Chinese steel mills and softer output from other exporters such as Brazil’s Vale, which has faced COVID-19 disruptions. Elevated prices of iron ore, Australia’s most valuable export, have also provided a boost to the federal budget.
-The Sydney Morning Herald | Nick Toscano -
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Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...
Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...
Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to restart it ...
Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand ...
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- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Australian Coal Association
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
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