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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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Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...
Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...
Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH
The Ministry of Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts ...
Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
Fitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes (mt) i ...
Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...
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- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- PTC India Limited - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- The University of Queensland
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
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