COALspot.com keeps you connected across the coal world
  • JANAURY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 75.84 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

Friday, 15 January 21
OVER US$50 BILLION IN GAS POWER PROJECTS AND LNG IMPORT FACILITIES AT RISK OF CANCELLATION IN BANGLADESH, PAKISTAN AND VIETNAM - IEEFA
Pakistan and Bangladesh have already cancelled tenders for LNG imports   Emerging markets such as Vietnam, Pakistan and Bangladesh tha ...


Friday, 15 January 21
VIETNAM'S EXTRAORDINARY ROOFTOP SOLAR SUCCESS DEALS ANOTHER BLOW TO THE REMAINING COAL PIPELINE - IEEFA
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year   Vietnam’s solar power indust ...


Friday, 15 January 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin ...


Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6208
News by Category
Popular News
 
Total Members : 27,258
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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