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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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Friday, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
Thursday, 20 August 20
LONDON RETAINS ARBITER CROWN - BALTIC EXCHANGE | HFW
Fears that the UK’s decision to leave the European Union would dent the reputation of the nation’s capital as the leader in maritime ar ...
Wednesday, 19 August 20
U.S. COAL STOCKPILES STEADILY INCREASE AFTER REACHING LOWEST LEVEL IN A DECADE IN 2019 - EIA
After reaching their lowest level in more than a decade in March 2019, U.S. coal stockpiles steadily increased to 152 million tons in April 2020, r ...
Wednesday, 19 August 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.26 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.92 points Monday, down 0.26 percent week on week.
The index, released by Chi ...
Wednesday, 19 August 20
COAL INDIA TRADE UNIONS DEFER DAY-LONG STRIKE: PTI
The unions had decided to go on strike against the commercial mining and the proposed divestment or buyback of shares of Coal India Ltd (CIL).
...
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- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Australian Coal Association
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- The University of Queensland
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
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