COALspot.com keeps you connected across the coal world

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
Thursday, 17 December 20
CHINA'S BAN IS LESS OF A THREAT TO AUSTRALIA'S COAL INDUSTRY THAN INTERNATIONAL CLIMATE AMBITION - IEEFA
IEEFAAustralian coal exporters will survive this near-term political fight but there are longterm structural headwinds
 
The decision by China’s National Development and Reform Commission to formally and indefinitely block Australian coal imports is a key threat to Australia’s political and economic wellbeing. Australia can never expect to win a trade war with its biggest export partner, and it is sheer political and economic suicide to try to do so. But is it devastating for the Australian coal export industry? Not at all.
 
Far more strategically threatening in the long term for Australia and our coal industry is the pledge by China’s president Xi Jinping to reach net zero emissions by 2060, which was rapidly followed by net zero emissions by 2050 pledges from Japan’s prime minister Yoshihide Suga and South Korea’s president Moon Jae-in. This series of sudden and powerful pledges of increased climate ambition by world leaders is likely to be terminal for our coal exports if we look out a couple of decades.
 
Australia is caught in the geopolitical quandary of having China as our key trade partner and the United States as our key military ally. When US president Donald Trump started a trade war with China, it was never going to turn out well for Australia. And incoming president Joe Biden is unlikely to change tack too materially where China and trade and technology are concerned (whereas on climate, Biden’s arrival changes everything). But we in Australia are like a mouse caught in the middle of two sparring elephants.
 
In business, the best rule is that the customer is always right (even if they are not). Our coal exporters will however survive this near-term political fight, probably far better than our wine or lobster export industries, by comparison.
 
There are no coal ships destined for China being loaded in Australia now. For most industries, that would be devastating. For coal, not so much. In fact, a look at the share prices of Whitehaven Coal and New Hope Corporation would suggest quite the opposite. Since the September 2020 trough, and acknowledging the sharp price falls on Tuesday, Whitehaven shares have rallied 70% and New Hope are up almost 20%.
 
Why? Coal is coal, at least to a finance analyst like me, if not an engineer. Australia sells the vast majority of its coal to Japan, South Korea and Taiwan. And if China buys more Russian, South African and Indonesian coal to replace Australian coal, then we can, by and large, simply swap customers, maybe with a month’s disruption. Total demand doesn’t change, nor does supply – at least not in the near term. Sure, there are some boiler and blending constraints, but notwithstanding coal luddite claims that Australia’s coal is slightly less carbon polluting than someone else’s seaborne coal, the minute difference is irrelevant – all coal is almost 100% more carbon intensive than wind, solar, hydro, nuclear or energy efficiency. Or green ammonia, as Japan’s JERA is now thinking.
 
The coal industry is actually benefiting from a near-term relief rally. In September Australian coal exporters were losing money with every tonne of coal they exported. In December, the picture is very different. China’s key Shanxi province has just shut down coal production near term due to a spate of deadly accidents, just as winter heating demand has kicked in. Meanwhile the Chinese industrial economy is powering along. So the Chinese domestic thermal coal price has jumped 35% to 740/t yuan in the last three months. Seaborne thermal coal prices have rallied from a low of US$46/t to over US$70/t in the same timeframe. Even as total volume of Australian coal exports have dropped in the December quarter, the value has surged, and more importantly, the profitability much more so (notwithstanding the 10% rally in the Aus$/US$, lifted by the unprecedented rally in iron ore prices). Hence the Whitehaven Coal and New Hope increase in share price.
 
The coal export sector outlook seems profitable again – in the near term. But the 25% collapse in the Dalrymple Bay Coal Terminal share price since its initial public offering last week is a clearer perspective of the longterm structural headwinds Australia’s coal industry is facing. Far better for our Hunter Valley, La Trobe Valley and Bowen Basin communities that we as a nation acknowledge the science of climate change, prepare a national roadmap, ideally with a destination and time of arrival clearly acknowledged.
 
The investment, employment and export opportunities for Australia are enormous, and exciting. To steal a very good line from Ross Garnaut and Mike Cannon-Brookes – better we focus on building Australia as a renewable energy superpower.
 
This commentary first appeared in The Guardian.


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

Recent News

Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...


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 ...


   4 5 6 7 8   
Showing 26 to 30 news of total 6503
News by Category
Popular News
 
Total Members : 27,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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