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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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Thursday, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
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- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Planning Commission, India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
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