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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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Tuesday, 25 August 20
INDIA'S IMPORTS FALL AS LOCKDOWNS IMPACT THE POWER AND INDUSTRIAL SECTORS - REPORT
India is the world’s second largest thermal coal consumer and importer, importing an estimated 211 million tonnes of thermal coal in 2019.&nb ...
Monday, 24 August 20
A COMBINATION OF DEVELOPMENTS DROVE THE FALLOFF COAL PRICES - CHIEF ECONOMIST’ OFFICE, AUSTRALIA
China, rising domestic production combined with subdued power demand;
India, a lockdown coupled with government directives that fav ...
Monday, 24 August 20
AUSTRALIA'S THERMAL COAL EXPORTS ARE FORECAST TO DROP FROM AN ESTIMATED $20 BILLION IN 2019-20 TO $16 BILLION IN 2020-21: REPORT
Thermal coal spot prices have fallen sharply as the impact of COVID-19 drives a contraction in seaborne trade for only the second time this century ...
Saturday, 22 August 20
REPORT SEES INDIA’S RELIANCE ON THERMAL POWER DROPPING TO 50% IN 2021, 43% IN 2026 - ET ENERGY | IEEFA
India’s dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) cap ...
Friday, 21 August 20
323 MILLION ELECTRIC VEHICLES WILL BE ON THE ROADS BY 2040 - WOOD MACKENZIE
Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new ...
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- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- The University of Queensland
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
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