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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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- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Planning Commission, India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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