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Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising prices, an energy expert said following a meeting requiring coal plants to increase production to the maximum level.
The nation’s top economic planner, the National Development and Reform Commission (NDRC) convened a meeting of the coal department of the National Energy Administration, China Railway, state-owned generators, coal miners Shenhua China and China Coal Group, the world’s largest public coal terminal Qinhuangdao Port, and relevant associations on Wednesday, futures news site qhrb.com reported, citing people familiar with the matter.
The power generators said that coal prices are elevated, with the average exceeding 760 yuan ($116) per ton, according to the report. Coal inventories are low but daily consumption is high, and some companies said they desperately need coal for later this month and in May.
Some coal giants said that coal output in the first quarter rose 15 percent year-on-year, qhrb.com said.
“China’s brisk economy drove up power demand, causing tight coal supplies and rising prices,” Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University told the Global Times on Thursday.
Even though renewable energy for power generation is frequently discussed in relation to China’s carbon neutrality goal, Lin said that the contribution of such sources remains small.
In the first two months of 2020, electricity use in regions served by State Grid Corp of China grew 21.3 percent year-on-year, showing that China’s economy was firing on all cylinders.
Lin added that there is no coal shortage at present as China’s production capacity is enough, even if coal imports – which play a supplementary role – dropped in the first two months.
Official data revealed China’s coal imports dived 39.5 percent year-on-year to 41.126 million tons in January and February.
At Wednesday’s meeting, the NDRC told companies to increase coal production and set targets for them. It also said that coal prices should be stabilized and that producers should avoid price hikes, qhrb.com reported.
Coal imports should serve the domestic economy, the commission added.
Separately, the national coal transportation and distribution association summoned 12 companies on Thursday to learn about the coal market in Northeast China and the eastern part of the Inner Mongolia Autonomous Region.
Some companies vowed to strengthen the monitoring of coal demand, output and shipments, and they vowed to enhance emergency supplies of the fossil fuel.
Source: Global Times
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Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...
Wednesday, 30 June 21
MARKET INSIGHT - INTERMODAL
The strong freight performance since the beginning of year has continued for the dry bulk market with earnings being at the highest level in over a ...
Monday, 28 June 21
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA THREATENS TO REVOKE 2,350 MINING BUSINESS PERMITS
The Ministry of Energy and Mineral Resources said that the revocation of mining business permits was in accordance with President Jokowi's inst ...
Sunday, 27 June 21
INDONESIA'S STATE-OWNED UTILITY PLN'S 2060 NET ZERO AMBITION NOT WITHOUT FLAWS AND GAPS - IEEFA
Indonesia on the right emissions reduction pathway but same old coal stories persist
Recent announcements by Indonesia’s state-owned uti ...
Saturday, 26 June 21
COAL PRICES HIT DECADE HIGH DESPITE EFFORTS TO WEAN THE WORLD OFF CARBON - WSJ
Rebounding electricity usage and scanty rainfall in China have added fuel to the rally
Coal prices have climbed to their highest lev ...
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- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Australian Coal Association
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
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