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