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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, 05 June 21
IT'S TIME FOR THE BIDEN ADMINISTRATION TO CHAMPION RENEWABLE ENERGY IN THE PHILIPPINES, NOT NUCLEAR OR FOSSIL GAS - IEEFA
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term
The United States has spent the ...
Friday, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
Coal capacity additions face major stranded asset risk
Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under co ...
Thursday, 03 June 21
JUNE HBA IS HITTING ABOVE $100 AND SETTLED AT ITS HIGHEST SINCE OCTOBER 2020
COALspot.com: The Indonesia coal price reference for June 2021 settles at US$ 100.33 per ton FOB vessel.
The Indonesia coal pr ...
Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax
A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said ...
Wednesday, 02 June 21
EUROPEAN UNION'S IRON ORE IMPORTS - BANCHERO COSTA
The European Union (27) is currently the fourth largest importer of iron ore in the world, after China, Japan, and South Korea.
Euro ...
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- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- White Energy Company Limited
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Planning Commission, India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Singapore Mercantile Exchange
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