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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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Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
Friday, 12 March 21
BATTERIES ARE REPLACING COAL NOT GAS - IEEFA
No amount of government subsidies can halt gas’s decline
Batteries are replacing coal not gas.
Today the early ...
Friday, 12 March 21
RENEWABLES SHOULD BE FOCUS OF VIETNAM’S DRAFT PDP8, NOT COAL AND GAS - IEEFA
Evidence was clear to inform the next stage of Vietnam’s power development
Vietnam’s recently published draft power deve ...
Thursday, 11 March 21
U.S. TO PRODUCE 581 MMST IN 2021, UP 8% FROM 2020 - EIA
EIA expects U.S. coal production to total 581 MMst in 2021, 42 MMst (8%) more than in 2020. In 2022, EIA expects coal production to rise by a furth ...
Thursday, 11 March 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during the first months of 2021, we have come across a new era in which Owners chose the shipyards to repair their ...
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- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- The University of Queensland
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
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