COALspot.com keeps you connected across the coal world
  • OCTOBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 161.63 A TON
  • OCTOBER 2021 HBA FOR EXPORTS INCREASED BY $11.60 MOM, $85.79 YTM AND $110.63 YOY

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

Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...


Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...


Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...


Thursday, 24 September 20
SUPRAMAX: INDO TO INDIA FIXING AROUND US$13,000 - FEARNLEYS
Cape Over the last week the iron ore segment from Brazil to China has picked up, and we see freight rates up USD 2 (12%) week on week Fearnleys ...


Thursday, 24 September 20
KOREA MIDLAND POWER TO BUY 1.92 MILLION TONS OF 4,300-4,700 NCV COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co. Ltd, has issued an International tender for 640,000 MT 4,300-4,700 kcal/kg NCV coal per year.    ...


   65 66 67 68 69   
Showing 331 to 335 news of total 6427
News by Category
Popular News
 
Total Members : 27,597
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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