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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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Wednesday, 07 April 21
KOMIPO ISSUED A TENDER FOR TOTAL 1,560,000 METRIC TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for total 1,560,000 Metric Tons of Bituminous coal for i ...
Wednesday, 07 April 21
MARKET INSIGHT - INTERMODAL
Following the end of the catholic easter, during which the majority of shipping market participants were on holidays, it is interesting to note a f ...
Wednesday, 07 April 21
COAL USED TO GENERATE ELECTRIC POWER IN U.S. WILL INCREASE BY 13 PERCENT TO 495 MMST IN 2021 - EIA
EIA expects U.S. coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. In 2022, EIA expects coal production to grow by an addi ...
Wednesday, 31 March 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.12 PCT - XINHUA
China Taiyuan coal transaction price index stood at 139.03 points Monday, up 0.12 percent week on week.
The index, released by China ...
Wednesday, 31 March 21
MARKET INSIGHT - INTERMODAL
Over the past week, the biggest story has been the blockage of the Suez Canal, as a result of the grounding of the container ship Ever Given. At th ...
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- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
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