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Sunday, 21 February 21
ANZ DIVESTING FROM THE WORLD’S LARGEST COAL EXPORT PORT IS 'PRAGMATISM' - IEEFA
The biggest buyers of Australian thermal coal have committed to net-zero emissions
ANZ, Australia’s third largest bank, has decided to stop lending to the Port of Newcastle, the world’s largest thermal coal export terminal, under its new climate change policy to cut funding to the coal sector, including the associated infrastructure and service providers.
To look at the background to the bank’s divestment, Barometer’s Des Lawrence spoke with IEEFA’s Tim Buckley, Director of Energy Finance, Australia/South Asia.
Buckley says ANZ made an “entirely pragmatic decision” due to concerns that the port’s legal constraint, imposed by the NSW Premier, prevents it from diversifying – such that the port will become a stranded asset as the world rapidly moves away from thermal coal. A point that was made abundantly clear when the biggest buyers of Australian thermal coal, Japan, China and South Korea, committed to net-zero emissions last year.
“ANZ has a fiduciary duty to manage the risk-adjusted returns for all of its shareholders. It has to make sure that it is not financing stranded assets and left holding the can when ultimately the business it is financing is unable to deliver the returns it promised, pay the interest it committed to paying and most importantly, take back the capital involved,” he says.
“This is harsh, but all about a long-term capital management strategy.”
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Saturday, 17 July 21
COAL PRICES TRADE AT DECADE HIGH OF $140 PER TONNE, HERE ARE SOME FACTORS AT PLAY: CNBC-TV18
Coal prices are trading at $140 per tonne. In the last one week, coal has seen more than 8 percent gains; the last one month has seen 24 percent ju ...
Thursday, 15 July 21
U.S. FOSSIL FUEL CONSUMPTION FELL BY 9% IN 2020, THE LOWEST LEVEL IN NEARLY 30 YEARS - EIA
U.S. fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years
In 2020, total consumption of fossil fuels in t ...
Thursday, 15 July 21
IN 2020, U.S. COAL PRODUCTION FELL TO ITS LOWEST LEVEL SINCE 1965 - EIA
U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 MMst mined in 2019 and the lowest level of coal pro ...
Wednesday, 14 July 21
MARKET INSIGHT - INTERMODAL
In its latest Global Economic Prospects report, the world bank recorded the strongest post-recession global growth in 80 years, but emerging and de ...
Tuesday, 13 July 21
JAPAN STILL SEEKING TO EXPLOIT COAL POWER LOOPHOLES - IEEFA
JBIC wants to continue burdening developing nations with its expensive coal-fired power technology
Japan is continuing to push its expensive c ...
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- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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