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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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Monday, 29 March 21
MOODY'S: OUTLOOK FOR GLOBAL METALS AND MINING INDUSTRY TURNS POSITIVE ON HIGHER EBITDA IN PANDEMIC'S WAKE
- Demand for steel, iron ore and copper will rise, while aluminum, nickel and zinc will remain in surplus
- EBITDA is expected to ...
Thursday, 25 March 21
'OMNIBUS LAW' REGULATION ON INDONESIA’S ENERGY AND MINING SECTORS TO BOOST COAL PROCESSING BUT ALSO RAISES QUESTIONS - ABNR
February 2021 saw the issuance of a raft of new government regulations to give effect to the reformist Job Creation Law (colloquially known as the ...
Thursday, 25 March 21
PROPOSED SWITCH FROM COAL TO LNG THREATENS RENEWABLE ENERGY DEVELOPMENT IN ASIA - IEEFA
Renewables offer an ever cheaper, financially sustainable and energy secure alternative, better able to support developing nations
A ...
Thursday, 25 March 21
MAJOR INVESTMENT ADVISORS BLACKROCK AND MEKETA PROVIDE A FIDUCIARY PATH THROUGH THE ENERGY TRANSITION - IEEFA
BlackRock and Meketa say divestment from fossil fuels improves, not weakens, investment returns
Two major financial management firms ...
Thursday, 25 March 21
EUROPE PASSES MILESTONE WITH HALF OF COAL PLANTS CLOSED OR SET TO RETIRE BY 2030 - EURACTIV
Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) ...
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- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- PTC India Limited - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
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