COALspot.com keeps you connected across the coal world
  • NOVEMBER 2021 HBA FOR EXPORTS INCREASED BY $33.03% MOM, $85.79 YTM AND $183.50% YOY
  • NOVEMBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$215.01 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Monday, 09 November 20
SOUTH AFRICA: COAL MARKET CONDITIONS HAVE ' DETERIORATED MATERIALLY' - IEEFA
IEEFA LOGOThe Asian seaborne thermal coal pool is drying out
 
Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine in South Africa’s Waterberg Coalfield has hit trouble after a key member of its funding consortium pulled out.
 
The Industrial Development Corporation of South Africa (IDC) has cancelled all previously approved facilities due to its view that “the market conditions under which the Boikarabelo Coal Project would operate have deteriorated materially”, according to a Resource Generation release to the Johannesburg and Australian Stock Exchanges.
 
The proposed coal mine is intended to supply domestic and overseas markets. Resource Generation is now seeking an “urgent meeting” with its working capital lender.
 
The material deterioration of the South African coal market has only accelerated in the last five weeks.
 
This started with China’s surprise announcement that it was targeting net zero emissions before 2060 – a hugely significant statement from the world’s largest thermal coal importer.
 
Following this, the International Energy Agency (IEA) released the 2020 edition of its influential World Energy Outlook. This annual report is often held up by the coal industry as evidence of a growing future for coal. The coal industry’s response this year has been more muted as the report highlights that overall coal demand peaked back in 2018 and that the IEA expects it will never rise above pre-COVID-19 levels again under its base scenario. Under its 2050 net zero emissions scenario, coal demand collapses globally by 2030.
 
THIS IS A MAJOR CHANGE IN STANCE FROM THE IEA who in 2019 didn’t see global coal demand peaking until sometime between 2025 and 2030 in its base scenario.
 
China’s net zero announcement was followed by a statement from Japan’s Prime Minister that his nation was now targeting net zero emissions by 2050. Only two days later, South Korea followed suit. Japan and South Korea are the world’s third and fourth largest importers of thermal coal respectively.
 
South Korea’s move follows its state-owned power generator KEPCO’s announcement that it will end construction of coal power plants overseas and that the proposed Thabametsi coal power plant will either be cancelled or converted to an LNG project (the former seems more likely).
 
South Korea is South Africa’s third largest export destination. Its net zero emissions by 2050 target will see its coal-fired power plants increasingly replaced by renewable energy.
 
Outside of South Africa’s three biggest export destinations, there is rapidly declining hope for further opportunity in other markets.
 
Bangladesh is planning to cancel 13,000 megawatts (MW) of proposed coal plants – its entire pre-construction project pipeline. The Philippines has just announced it will not build any more coal power plants. And Vietnam is set to cancel or postpone up to 17,000MW of coal power proposals.
 
INCREASED EXPORTS TO VIETNAM HAVE HELPED PROP UP OVERALL SOUTH AFRICAN EXPORTS IN 2020. However, Richards Bay exports over January to September were still down 1.3% on the prior year following export tonnage declines both 2019 and 2018.
 
Furthermore, South Africa won’t have any increase in short term Vietnamese demand to itself. Indonesia is targeting Vietnam, Pakistan and Bangladesh as concern builds that it is about to start losing its biggest markets of China and India.
 
Exporters in South Africa, Indonesia, Australia and Russia will increasingly be eating into each other’s markets as the Asian seaborne thermal coal pool dries up.
 
IEEFA warned about the worsening long term outlook for South African coal exports in a report published in September 2019, but events are now moving even faster. Coal miners hoping that export markets will make up for the declining outlook for South African coal domestically are going to be disappointed in the long term.
 
A controversial move to fast-track mining, water and environmental licences is part of the South African government’s rescue plan for post-COVID economic recovery. However, coal mining is unlikely to be part of the long term solution to the nation’s unemployment woes.
 

In fact, as the decline of coal accelerates even faster, the focus will instead need to be on transitioning existing coal mining jobs to new industries with a brighter future.
- By Simon Nicholas

About Simon Nicholas
Energy Finance Analyst Simon Nicholas, a fellow of the Institute of Chartered Accountants of England and Wales. Nicholas joined the IEEFA team in July 2016, after 16 years’ experience within the finance industry at ABN Amro, Macquarie Group and Commonwealth Bank of Australia in both Sydney and London.

About IEEFA
The Institute for Energy Economics and Financial Analysis (IEEFA) examines issues related to energy markets, trends, and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.

The Institute for Energy Economics and Financial Analysis receives its funding from global philanthropic organizations and individuals. We gratefully acknowledge our funders, including the Rockefeller Family Fund,  Energy Foundation, Mertz-Gilmore Foundation, Moxie Foundation, Rockefeller Brothers Fund,  KR Foundation, Park Foundation, The Heinz Endowments, Charles and Helen Brown Foundation, Just Transition Fund and Wallace Global Fund, and some who choose to remain anonymous.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...


Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter. ...


Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.    Earnings generation should slow down as selling pr ...


Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...


Wednesday, 01 December 21
MARKET INSIGHT - INTERMODAL
Essentially, anyone involved in the shipping and commodity markets still struggle with commodity supply issues and skyrocketing prices in the conte ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6477
News by Category
Popular News
 
Total Members : 27,652
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Tata Chemicals Ltd - India
  • Ministry of Mines - Canada
  • TGV SRAAC LIMITED, India
  • Edison Trading Spa - Italy
  • Malco - India
  • Ceylon Electricity Board - Sri Lanka
  • Global Coal Blending Company Limited - Australia
  • JPower - Japan
  • Globalindo Alam Lestari - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • The Treasury - Australian Government
  • IHS Mccloskey Coal Group - USA
  • Enel Italy
  • Indian School of Mines
  • BNP Paribas - Singapore
  • Geoservices-GeoAssay Lab
  • Economic Council, Georgia
  • Kideco Jaya Agung - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • McKinsey & Co - India
  • Vedanta Resources Plc - India
  • Reliance Power - India
  • Formosa Plastics Group - Taiwan
  • Georgia Ports Authority, United States
  • Clarksons - UK
  • Maybank - Singapore
  • Posco Energy - South Korea
  • Cosco
  • Carbofer General Trading SA - India
  • Siam City Cement PLC, Thailand
  • Vale Mozambique
  • Makarim & Taira - Indonesia
  • Glencore India Pvt. Ltd
  • PNOC Exploration Corporation - Philippines
  • Kobe Steel Ltd - Japan
  • Humpuss - Indonesia
  • Thai Mozambique Logistica
  • Wilmar Investment Holdings
  • Sucofindo - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Standard Chartered Bank - UAE
  • Power Finance Corporation Ltd., India
  • Deutsche Bank - India
  • GN Power Mariveles Coal Plant, Philippines
  • ASAPP Information Group - India
  • Platts
  • Infraline Energy - India
  • The State Trading Corporation of India Ltd
  • VISA Power Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • SMG Consultants - Indonesia
  • Samsung - South Korea
  • ANZ Bank - Australia
  • South Luzon Thermal Energy Corporation
  • Kepco SPC Power Corporation, Philippines
  • Indian Oil Corporation Limited
  • Leighton Contractors Pty Ltd - Australia
  • TeaM Sual Corporation - Philippines
  • Argus Media - Singapore
  • Samtan Co., Ltd - South Korea
  • Directorate Of Revenue Intelligence - India
  • Electricity Generating Authority of Thailand
  • Meenaskhi Energy Private Limited - India
  • Inspectorate - India
  • Salva Resources Pvt Ltd - India
  • Global Business Power Corporation, Philippines
  • Minerals Council of Australia
  • SRK Consulting
  • Australian Commodity Traders Exchange
  • Xindia Steels Limited - India
  • Freeport Indonesia
  • Thiess Contractors Indonesia
  • Ambuja Cements Ltd - India
  • Maersk Broker
  • Bank of America
  • Dalmia Cement Bharat India
  • Romanian Commodities Exchange
  • Total Coal South Africa
  • Mitsui
  • Energy Development Corp, Philippines
  • Aboitiz Power Corporation - Philippines
  • Asia Cement - Taiwan
  • Tata Power - India
  • Russian Coal LLC
  • Meralco Power Generation, Philippines
  • SMC Global Power, Philippines
  • Arutmin Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • The University of Queensland
  • Pendopo Energi Batubara - Indonesia
  • Gresik Semen - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Medco Energi Mining Internasional
  • ACC Limited - India
  • J M Baxi & Co - India
  • Deloitte Consulting - India
  • NTPC Limited - India
  • Electricity Authority, New Zealand
  • Karaikal Port Pvt Ltd - India
  • EMO - The Netherlands
  • GNFC Limited - India
  • Goldman Sachs - Singapore
  • Malabar Cements Ltd - India
  • Vizag Seaport Private Limited - India
  • CIMB Investment Bank - Malaysia
  • Binh Thuan Hamico - Vietnam
  • European Bulk Services B.V. - Netherlands
  • Riau Bara Harum - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Siam City Cement - Thailand
  • Bahari Cakrawala Sebuku - Indonesia
  • RBS Sempra - UK
  • Mjunction Services Limited - India
  • The India Cements Ltd
  • PLN - Indonesia
  • Indian Energy Exchange, India
  • PowerSource Philippines DevCo
  • Global Green Power PLC Corporation, Philippines
  • Inco-Indonesia
  • ETA - Dubai
  • OCBC - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Kaltim Prima Coal - Indonesia
  • PLN Batubara - Indonesia
  • Rio Tinto Coal - Australia
  • Fearnleys - India
  • Manunggal Multi Energi - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Bangladesh Power Developement Board
  • Sarangani Energy Corporation, Philippines
  • Japan Coal Energy Center
  • Iligan Light & Power Inc, Philippines
  • Ernst & Young Pvt. Ltd.
  • Bayan Resources Tbk. - Indonesia
  • NALCO India
  • DBS Bank - Singapore
  • Coal Orbis AG
  • Cardiff University - UK
  • Indika Energy - Indonesia
  • SASOL - South Africa
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Tamil Nadu electricity Board
  • Coal India Limited
  • Coal and Oil Company - UAE
  • Peabody Energy - USA
  • Parry Sugars Refinery, India
  • Borneo Indobara - Indonesia
  • SGS (Thailand) Limited
  • Jorong Barutama Greston.PT - Indonesia
  • Lafarge - France
  • Bukit Baiduri Energy - Indonesia
  • Jatenergy - Australia
  • Indogreen Group - Indonesia
  • TNPL - India
  • Jaiprakash Power Ventures ltd
  • Aditya Birla Group - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Australian Coal Association
  • Latin American Coal - Colombia
  • Permata Bank - Indonesia
  • Pinang Coal Indonesia
  • Star Paper Mills Limited - India
  • Videocon Industries ltd - India
  • KOWEPO - South Korea
  • IEA Clean Coal Centre - UK
  • Moodys - Singapore
  • Energy Link Ltd, New Zealand
  • Mercator Lines Limited - India
  • Indorama - Singapore
  • Bulk Trading Sa - Switzerland
  • Commonwealth Bank - Australia
  • Holcim Trading Pte Ltd - Singapore
  • CESC Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Gujarat Sidhee Cement - India
  • GVK Power & Infra Limited - India
  • WorleyParsons
  • EIA - United States
  • Central Electricity Authority - India
  • Timah Investasi Mineral - Indoneisa
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Central Java Power - Indonesia
  • Grasim Industreis Ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Arch Coal - USA
  • Indo Tambangraya Megah - Indonesia
  • CNBM International Corporation - China
  • New Zealand Coal & Carbon
  • Core Mineral Indonesia
  • Ince & co LLP
  • GHCL Limited - India
  • Xstrata Coal
  • Asian Development Bank
  • Mitra SK Pvt Ltd - India
  • Bhatia International Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Therma Luzon, Inc, Philippines
  • Cebu Energy, Philippines
  • Savvy Resources Ltd - HongKong
  • Independent Power Producers Association of India
  • Mintek Dendrill Indonesia
  • World Bank
  • Ministry of Transport, Egypt
  • PetroVietnam
  • Parliament of New Zealand
  • Altura Mining Limited, Indonesia
  • MEC Coal - Indonesia
  • Maruti Cements - India
  • Thriveni
  • Surastha Cement
  • Thermax Limited - India
  • Africa Commodities Group - South Africa
  • Agrawal Coal Company - India
  • Uttam Galva Steels Limited - India
  • Bhushan Steel Limited - India
  • Orica Mining Services - Indonesia
  • Anglo American - United Kingdom
  • KPCL - India
  • Barasentosa Lestari - Indonesia
  • Intertek Mineral Services - Indonesia
  • Port Waratah Coal Services - Australia
  • IOL Indonesia
  • Shenhua Group - China
  • Toyota Tsusho Corporation, Japan
  • Lanco Infratech Ltd - India
  • ING Bank NV - Singapore
  • Adani Power Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Bukit Makmur.PT - Indonesia
  • ICICI Bank Limited - India
  • JPMorgan - India
  • CCIC - Indonesia
  • Bhoruka Overseas - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Mercuria Energy - Indonesia
  • Simpson Spence & Young - Indonesia
  • Wood Mackenzie - Singapore
  • TRAFIGURA, South Korea
  • Kobexindo Tractors - Indoneisa
  • CoalTek, United States
  • KPMG - USA
  • Ministry of Finance - Indonesia
  • Essar Steel Hazira Ltd - India
  • Sakthi Sugars Limited - India
  • GMR Energy Limited - India
  • San Jose City I Power Corp, Philippines
  • GAC Shipping (India) Pvt Ltd
  • IMC Shipping - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Credit Suisse - India
  • Bharathi Cement Corporation - India
  • Sree Jayajothi Cements Limited - India
  • Interocean Group of Companies - India
  • Renaissance Capital - South Africa
  • Heidelberg Cement - Germany
  • Petrosea - Indonesia
  • Coaltrans Conferences
  • Rashtriya Ispat Nigam Limited - India
  • Cemex - Philippines
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Sical Logistics Limited - India
  • Sojitz Corporation - Japan
  • Asmin Koalindo Tuhup - Indonesia
  • UBS Singapore
  • Madhucon Powers Ltd - India
  • London Commodity Brokers - England
  • Maheswari Brothers Coal Limited - India
  • Chamber of Mines of South Africa
  • Thomson Reuters GRC
  • Antam Resourcindo - Indonesia
  • U S Energy Resources
  • bp singapore
  • Price Waterhouse Coopers - Russia
  • Barclays Capital - USA
  • Coastal Gujarat Power Limited - India
  • Coalindo Energy - Indonesia
  • Semirara Mining Corp, Philippines
  • Marubeni Corporation - India
  • White Energy Company Limited
  • Cigading International Bulk Terminal - Indonesia
  • Bangkok Bank PCL
  • Petron Corporation, Philippines
  • AsiaOL BioFuels Corp., Philippines
  • Indonesian Coal Mining Association
  • Sinarmas Energy and Mining - Indonesia
  • Rudhra Energy - India
  • Idemitsu - Japan
  • IBC Asia (S) Pte Ltd
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • UOB Asia (HK) Ltd
  • Kartika Selabumi Mining - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Thailand Anthracite
  • Mechel - Russia
  • International Coal Ventures Pvt Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Britmindo - Indonesia
  • Merrill Lynch Commodities Europe
  • Singapore Mercantile Exchange
  • globalCOAL - UK
  • GB Group - China
  • Larsen & Toubro Limited - India
  • Chettinad Cement Corporation Ltd - India
  • KEPCO - South Korea
  • Oldendorff Carriers - Singapore
  • Orica Australia Pty. Ltd.
  • Kalimantan Lumbung Energi - Indonesia
  • PTC India Limited - India
  • Kumho Petrochemical, South Korea
  • McConnell Dowell - Australia
  • Eastern Coal Council - USA
  • SUEK AG - Indonesia
  • Attock Cement Pakistan Limited
  • TANGEDCO India
  • Bank of China, Malaysia
  • Adaro Indonesia
  • Cement Manufacturers Association - India
  • MS Steel International - UAE
  • Planning Commission, India
  • BRS Brokers - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • India Bulls Power Limited - India
  • Straits Asia Resources Limited - Singapore
  • Banpu Public Company Limited - Thailand
  • Qatrana Cement - Jordan
  • Metalloyd Limited - United Kingdom
  • Runge Indonesia
  • Shree Cement - India
  • HSBC - Hong Kong
  • Trasteel International SA, Italy
  • SN Aboitiz Power Inc, Philippines
  • Eastern Energy - Thailand
  • Sindya Power Generating Company Private Ltd
  • Platou - Singapore
  • APGENCO India
  • World Coal - UK
  • Baramulti Group, Indonesia
  • Coeclerici Indonesia
  • Berau Coal - Indonesia
  • Tanito Harum - Indonesia
  • Panama Canal Authority
  • Indonesia Power. PT
  • Maharashtra Electricity Regulatory Commission - India
  • Vitol - Bahrain
  • Noble Europe Ltd - UK
  • Merrill Lynch Bank
  • PetroVietnam Power Coal Import and Supply Company
  • Jindal Steel & Power Ltd - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Mitsubishi Corporation
  • Gupta Coal India Ltd
  • Cargill India Pvt Ltd
  • TNB Fuel Sdn Bhd - Malaysia
  • Petrochimia International Co. Ltd.- Taiwan