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Thursday, 26 November 20
COAL FINANCING QUICKLY DRYING UP WORLDWIDE - ANALYSTS : REUTERS
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping the world, participants at Asia’s biggest gathering of the coal industry said on Tuesday.
The exit from coal by big international banks and government-backed agencies, which has accelerated this year, is likely to push coal companies to use offsets to get funding and listed ones to go private to avoid shareholder pressure as the dirtiest fossil fuel is increasingly shunned.
With insurance companies, banks and other financiers pulling out of coal “we are seeing a real tide of all these forces moving in capital markets,” Lachlan Shaw, head of commodities research at ANZ, said at the virtual Coaltrans Asia conference. “What’s changed more recently is we have seen China, Japan and South Korea all commit to net-zero carbon emissions targets,” he said.
Carbon trading and offsets will become important tools companies to get finance for new projects, so they “can go to the financial markets and say we have a package here that is totally offset from a carbon emissions point of view,” he said.
Shaw said he expects more public listed companies to go private as shareholders focus more on the risks to investments from coal.
Even cleaner projects such as a coal gasification plant in Indonesia under consideration by coal miner PT Bukit Asam will struggle to obtain finance, said Ben Lawson, vice-chairman of the Djakarta Mining Club and chief operating officer of PT Sandman Coal Indonesia. “Even though gasification is the cleanest way of extracting power or downstream product for coal, its still coal,” he told the conference. To get financing, “I think its going to be a hard sell.”
- Aaron Sheldrick and Fransiska Nangoy -
Source: Reuters
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Wednesday, 02 December 20
INDONESIA CONSIDERING CLOSING 3,400MW SURALAYA COAL PLANT - THE JAKARTA POST
The government is considering to shut down the aging Suralaya coal-fired power plant (PLTU) in Cilegon, Banten, and replace it with green energy, a ...
Wednesday, 02 December 20
MARKET INSIGHT - INTERMODAL
It has been another busy week in the dry bulk secondhand market; a healthy number of sales reported predominantly from Japanese owners while owner& ...
Thursday, 26 November 20
DECLINE IN COAL EXPORTS ADDS TO NAVAJO-OWNED COMPANY'S PROBLEMS - IEEFA U.S.
Weak demand and low prices are likely creating steep losses for NTEC
U.S. coal exports to Asia—once heralded as the saving gra ...
Wednesday, 25 November 20
LIBOR REPLACEMENT AND SHIP FINANCE - WHERE IS IT HEADING? - WFW
The likely replacement of the LIBOR at the end of 2021 creates difficult technical and practical issues for all sectors of business and finance. Th ...
Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
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- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- PTC India Limited - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Planning Commission, India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Australian Coal Association
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
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