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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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Saturday, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
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- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
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