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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, 24 March 21
MARKET INSIGHT - INTERMODAL
Since the start of the pandemic, the shipping industry has efficiently responded to ensure the continuity of operations and hence the security of s ...
Tuesday, 23 March 21
LOWER WHOLESALE PRICES PUT PRESSURE ON AUSTRALIAN ENERGY RETAILERS - FITCH RATINGS
Fitch Ratings expects the low wholesale energy prices in the Australian National Energy Market to persist through to 2022, which will affect electr ...
Tuesday, 23 March 21
SCRUBBER-FITTED SHIPS NEARLY DOUBLE AS FUEL SPREAD SETTLES AT $118 PER MT - PETER SAND
As the lion’s share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be c ...
Tuesday, 23 March 21
CHINA'S COAL OUTPUT EDGES UP IN FIRST TWO MONTHS - XINHUA
China’s raw coal output rose 25 percent year on year to 620 million tonnes in the first two months of 2021, official data showed.
...
Wednesday, 17 March 21
MARKET INSIGHT - INTERMODAL
Shipping market players are familiar with the inverse correlation between the freight market and demolition activity i.e. when the market picks up ...
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Showing 616 to 620 news of total 6871 |
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- Port Waratah Coal Services - Australia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Bhatia International Limited - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- PTC India Limited - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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