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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 $US120 a tonne amid robust demand from Chinese steel mills and softer output from other exporters such as Brazil’s Vale, which has faced COVID-19 disruptions. Elevated prices of iron ore, Australia’s most valuable export, have also provided a boost to the federal budget.
-The Sydney Morning Herald | Nick Toscano -
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Sunday, 30 August 20
PANAMAX - THIS WEEK THE DEMAND HAS PICKED UP, BUT THE TONNAGE LIST IS INCREASING DAY BY DAY - FEARNLEYS
Cape Size
More or less flat from previous week, with cape rates moving from US$ 19,500 to 18,900 on average. West Australia however being more ...
Saturday, 29 August 20
COAL INDIA'S FUEL SUPPLY TO POWER SECTOR DROPS ABOUT 20% IN APR-JUL: PTI
State-owned Coal India”s fuel supply to the power sector registered a decline of 19.5 per cent to 126.30 million tonnes (MT) in the April-Jul ...
Saturday, 29 August 20
SOUTH KOREAN BROKERAGE FIRM KOREA INVESTMENT & SECURITIES TO STOP ALL COAL BUSINESS - KOREA HERALD
South Korean brokerage firm Korea Investment & Securities has decided to stop its investments in coal, in line with the Moon Jae-in administrat ...
Thursday, 27 August 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 985,000 TONS OF BITUMINOUS COAL FOR NOVEMBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 985,000 ...
Thursday, 27 August 20
SOUTHEAST ASIAN NATIONS SET REGION-WIDE RENEWABLE ENERGY GOAL OF 23 PERCENT BY 2025 - ASEAN POST
The Association of Southeast Asian Nations (ASEAN) has set an ambitious target of securing 23 percent of its primary energy from renewable so ...
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- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
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