Eid Mubarak
  • MAY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 89.74 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Sunday, 18 April 21
WORLDSTEEL RAISES 2021 STEEL DEMAND GROWTH FORECAST TO 5.8% - WORLDSTEEL
/worldsteel world steel associationThe World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand will grow by 5.8% in 2021 to reach 1,874.0 million tonnes (Mt), after declining by 0.2% in 2020. In 2022 steel demand will see further growth of 2.7% to reach 1,924.6 Mt.
 
The current forecast assumes that the ongoing second or third waves of infections will stabilise in the second quarter and that steady progress on vaccinations will be made, allowing a gradual return to normality in major steel-using countries.
 
Commenting on the outlook, Mr Al Remeithi, Chairman of the worldsteel Economics Committee, said, “despite the disastrous impact of the pandemic on lives and livelihoods, the global steel industry was fortunate enough to end 2020 with only a minor contraction in steel demand. This was due to a surprisingly robust recovery in China, with growth of 9.1%. In the rest of the world steel demand contracted by 10.0%. In the coming years, steel demand will recover firmly, both in the developed and developing economies, supported by pent-up demand and governments’ recovery programmes. However, for most developed economies a return to the pre-pandemic levels of steel demand will take a few years.
 
While it is hoped that the worst of the pandemic is passing, there is still considerable uncertainty for the rest of 2021. The evolution of the virus and progress of vaccinations, withdrawal of supportive fiscal and monetary policies, geopolitics and trade tensions could all affect the recovery envisaged in this forecast.
 
For the future, structural changes in a post-pandemic world will bring about shifts in steel demand shape. The steel industry will see exciting opportunities from rapid developments through digitisation and automation, infrastructure initiatives, reorganisation of urban centres, and energy transformation. All at the same time as the industry is responding to the need to produce low-carbon steel.”
 
Background to the forecast
 
1) China
 
China’s economy quickly rebounded from the lockdown in late February, and almost all economic activity except retailing resumed full productivity by May. Since then, despite sporadic small localised waves of COVID-19, economic activity has not been affected by the pandemic, unlike the rest of the world.
 
The Chinese economy benefited from the government’s implementation of various measures to stimulate the economy. From several new infrastructure projects and accelerating existing projects, to relaxing control over the real estate sector and tax reduction to boost household consumption.
 
On top of this the economy benefitted from strong exports as the rest of the world was affected by the pandemic.
 
As a result, after contracting by 6.8% in the first quarter of 2020, China’s economy recorded annual growth of 2.3% in 2020. China’s GDP growth is expected to accelerate to 7.5% or higher in 2021, followed by moderate growth of 5.5% in 2022.
 
The construction sector had a fast recovery from April 2020, supported by infrastructure investment. For 2021 and onwards, real estate investment growth may decrease due to the government’s guidance to slow growth in the sector down.
 
Investment in infrastructure projects in 2020 reported a mild growth of 0.9%. However, as the Chinese government has kicked off a number of new projects to support the economy, the growth in infrastructure investment is expected to pick up in 2021 and continue to affect steel demand in 2022.
 
In the manufacturing sector, automotive production contracted the most by 45% during the lockdown, but has been recovering strongly since May. For the whole of 2020, auto production declined by only 1.4%. Other manufacturing sectors have shown positive growth due to strong export demand.
 
Due to the strong activity in the construction and machinery sectors, and with some inventory accumulations, apparent steel use rose by 9.1% in 2020. In 2021, it is expected that the stimulus measures introduced in 2020 will largely remain in place to ensure continued reasonable growth in the economy.
 
As a result, most steel-using sectors will show moderate growth and China’s steel demand is expected to grow by 3.0% in 2021. In 2022, steel demand growth will decelerate to 1.0% as the effect of the 2020 stimulus subsides, and the government focuses on more sustainable growth. The government’s reaction to the new US administration’s trade policy and the intensified environmental push add uncertainty.
 
2) Advanced economies
 
After the free-fall in economic activity in the second quarter of 2020, industry generally rebounded quickly in the third quarter, largely due to the substantial fiscal stimulus measures and unleashing of pent-up demand. However, activity levels still remained below the pre-pandemic level at the end of 2020. As a result, the developed world’s steel demand recorded a double-digit decline of 12.7% in 2020.
 
We will see substantial recovery in 2021 and 2022, with growth of 8.2% and 4.2% respectively. However, steel demand in 2022 will still fall short of 2019 levels.
 
Despite high infection levels, the US economy was able to rebound strongly from the first wave due to the substantial fiscal stimulus that supported consumption. This helped durable goods manufacturing, but overall US steel demand fell by 18% in 2020. The Biden administration recently announced a large fiscal proposal containing provisions for substantial infrastructure investment over a multi-year period.
 
The plan is expected to be considered by Congress in the second half of 2021 and, depending on its final form, may have upside potential for steel demand in the longer term. However, despite this and fast progress in vaccinations, steel demand recovery will be constrained in the short term by a weak rebound in the non-residential construction and energy sectors. The automotive sector is expected to recover strongly.
 
Similarly, the EU steel-using sectors suffered severely from the first lockdown measures in 2020, but experienced a stronger than expected post-lockdown rebound in manufacturing activities due to supportive government measures and pent-up demand. Accordingly, steel demand in 2020 in the EU27 and the UK ended with a better than expected 11.4% contraction. Italy and France recorded proportionately larger contractions due to the severest lockdown measures and collapsed tourism.
 
The recovery in 2021 and 2022 is expected to be healthy, driven by recovery in all steel-using sectors, especially the automotive sector, and public construction initiatives. So far, the EU’s recovery momentum has not been derailed by the ongoing third waves, but it remains fragile.
 
While there were fewer COVID-19 cases relative to the US or EU, the Japanese economy was also dealt a severe blow from the pandemic due to the interruption of broad economic activity and weak confidence that added to the effect of the October 2019 consumption tax hike. With a particularly pronounced fall in auto production, steel demand declined by 16.8% in 2020. The recovery in Japan’s steel demand will be moderate, driven by a rebound in the automotive sector with recovering exports and industrial machinery because of a worldwide recovery in capital spending.
 
South Korea’s economy escaped a large decline in GDP thanks to better management of the pandemic, and it saw positive momentum in facility investment and construction. Nevertheless, steel demand contracted by 8.0% in 2020 due to the contraction in the auto and shipbuilding sectors. In 2021-22, these two sectors will lead the recovery, which will be further supported by the continued strength in facility investment and government infrastructure programmes. Nevertheless, steel demand in 2022 is not expected to return to the pre-pandemic level.
 
3) Developing economics excluding China
 
Generally speaking, developing economies excluding China suffered more from the pandemic relative to the developed economies, with inadequate medical capacity, a collapse in tourism and commodity prices, and insufficient fiscal support. Steel demand in the developing economies excluding China declined by 7.8% in 2020. However, within the emerging economies, the picture was varied. India, MENA, and most Latin American countries suffered the most.
 
Benefitting from the global economic recovery and with renewed government infrastructure initiatives, steel demand in the developing economies is expected to show a relatively quick rebound in 2021 and 2022, with growth of 10.2% and 5.2% respectively. Accumulation of debts, no recovery in international tourism, and slow vaccination will prevent a faster recovery.
 
India suffered severely from an extended period of severe lockdown, which brought most industrial and construction activities to a standstill. However, the economy has been recovering strongly since August, much sharper than expected, with the resumption of government projects and pent-up consumption demand. India’s steel demand fell by 13.7% in 2020 but is expected to rebound by 19.8% to exceed the 2019 level in 2021. The growth-oriented government agenda will drive India’s steel demand up, while private investment will take longer to recover.
 
In ASEAN, disruptions to construction projects hit the fast-growing steel market, and steel demand contracted by 11.9% in 2020. Malaysia and the Philippines were the most severely hit, while Vietnam and Indonesia saw only a modest decline in steel demand. Recovery will be driven by a gradual resumption of construction activities and tourism, which will accelerate in 2022.
 
Latin American economies in general were severely hit by the pandemic and steel demand in 2020 recorded a double-digit contraction in most countries in the region. Mexico’s steel demand was hard hit by reduced auto production and investment. The fast recovery in the automotive sector and a strong US economy will support the recovery of Mexico’s steel demand in 2021. In Brazil, the economy rebounded sharply following a severe decline in Q2, aided by government support. As a result, Brazil’s steel demand recorded a small positive growth in 2020 and will continue to recover at a healthy pace in 2021 and 2022.
 
Steel demand in Russia suffered less decline than other regions thanks to the government measures that supported construction activities. The National Projects initiatives are expected to support a moderate recovery of steel demand in 2021-22.
 
Steel demand in Turkey, which suffered a deep contraction in 2019 due to the currency crisis of 2018, maintained the recovery momentum that started in late 2019 due to construction activities. The recovery momentum will continue and steel demand is expected to return to the pre-currency crisis level in 2022.
 
In the MENA region, steel demand suffered from the cancellation of construction projects and a fall in oil prices, but the rebound of oil prices helped the region’s steel demand to recover toward the end of 2020. Steel demand in the MENA region declined by 9.5% in 2020 and is expected to recover moderately with the resumption of infrastructure investments.
 
Steel-using sectors
 
1) Construction
 
Global construction output in 2020 fell more than in 2009 after the global financial crisis, 3.9% and 1.9% respectively, as the COVID confinement measures led to an interruption of construction works and revision of investment plans in many countries. In several developing countries, fiscal resources were drawn away from infrastructure investment for the pandemic support programmes.
 
Across countries, the most severe decline in construction was observed in the Philippines, India and Mexico. There will be regional variation to the speed of recovery in construction. In some countries, the resumption of construction projects is still constrained by COVID restrictions, worker shortages, and weak private investment. At the same time, there are countries where construction activities could gain ground through the year as governments prioritise infrastructure investment as a recovery tool.
 
In China, the construction sector returned to normal operation at the end of April 2020 and has been showing a fast recovery since then.
 
Diverging trends among the construction subsectors will emerge from the pandemic. With increased remote working, e-commerce, and reduced business travel, demand for commercial buildings and travel-related facilities will continue to see a downward trend. At the same time, demand for logistics-related facilities to support e-commerce has increased and will continue to be a growth sector. Infrastructure projects have become important and are sometimes the only tool in many countries for economic recovery. They will continue to be a strong driver in emerging economies. In developed economies, green recovery programmes and infrastructure renewal will drive construction demand.
 
Global construction is expected to reach the 2019 level again in 2022.
 
2) Automotive
 
Globally, the automotive sectors saw the most profound decline among the steel-using sectors, with a nosedive in the second quarter of 2020. While post-lockdown recovery was somewhat more robust than expected, the decline in the automotive industry in 2020 was of a double-digit scale in most countries.
 
However, the automotive sector is expected to recover strongly in 2021. The recovery will be driven by pent-up demand, increased use of personal transportation due to safety concerns, and increased household cash savings. The recovery is expected to be particularly strong in the US, where the production level in 2021 will exceed the 2019 level. The global automotive industry is expected to return to the 2019 level in 2022.
 
Despite a faster than expected recovery in demand, the sector is encountering another supply chain bottleneck in early 2021 with a shortage of semiconductors and other parts, which could constrain the recovery potential.
 
Amid the crisis, 2020 saw a substantial increase in the share of hybrid and fully electric cars sales in the EU to 11.9% and 10.5% respectively, up from 5.7% and 3.0% in 2019.
 
3) Machinery
 
The global machinery sector was hit by the fall in investment in 2020, but the decline was much less than in 2009. Recovery is expected to take place at a faster pace as well, while a lack of confidence and uncertainty is still a constraining factor.
 
Due to highly globalised supply chains, disruption was one of the major problems that emerged for the machinery industry during the lockdown. As a result, the sector has started reviewing its supply chains for flexibility and reliability.
 
Another important factor that will affect the machinery sector is an accelerating trend toward digitisation and automation. Investment in this regard will drive growth in the machinery industry.
 
Also, green initiatives and investment in renewable energy sources will be another growth area for the machinery sector.
Source: WorldSteel Association


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market   The race to develop liquified natural gas (LNG) facilities in th ...


Saturday, 08 May 21
THE COAL-TO-RENEWABLES TRANSITION TAKES OFF - IEEFA
Pre-Biden changes underscore coming 10-year wave of coal plant retirements   The traditional S-curve growth exhibited by disruptive te ...


Friday, 07 May 21
CHINA'S TOTAL COAL IMPORTS FOR 2020 REACHED A VOLUME OF 304 MILLION TONS - ASSOCARBONI
Our benchmarks, manufacturing Countries like China, Germany, Japan, India, South Korea and Taiwan will continue to use a mix of coal and nuclear to ...


Friday, 07 May 21
SEABORNE WORLD COAL TRADE CLOSED 2020 IN NEGATIVE - ASSOCARBONI
Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. For the first time ...


Friday, 07 May 21
INDONESIA'S THERMAL COAL EXPORTS IN 2020 DECREASED BY 13%; INDIA REMAINED THE TOP DESTINATION FOR INDONESIAN COAL - ASSOCARBONI
An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philipp ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6289
News by Category
Popular News
 
Total Members : 27,417
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • ETA - Dubai
  • Deloitte Consulting - India
  • Sakthi Sugars Limited - India
  • Chamber of Mines of South Africa
  • Coalindo Energy - Indonesia
  • Cement Manufacturers Association - India
  • Petrosea - Indonesia
  • Ministry of Finance - Indonesia
  • World Bank
  • Bhushan Steel Limited - India
  • Madhucon Powers Ltd - India
  • TGV SRAAC LIMITED, India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • The India Cements Ltd
  • RBS Sempra - UK
  • Electricity Generating Authority of Thailand
  • Samtan Co., Ltd - South Korea
  • Thermax Limited - India
  • KPMG - USA
  • KOWEPO - South Korea
  • Global Business Power Corporation, Philippines
  • BRS Brokers - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Barclays Capital - USA
  • Simpson Spence & Young - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Australian Commodity Traders Exchange
  • Alfred C Toepfer International GmbH - Germany
  • Arch Coal - USA
  • Coastal Gujarat Power Limited - India
  • Meralco Power Generation, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • GN Power Mariveles Coal Plant, Philippines
  • Wood Mackenzie - Singapore
  • Energy Link Ltd, New Zealand
  • Formosa Plastics Group - Taiwan
  • Thailand Anthracite
  • Oldendorff Carriers - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Heidelberg Cement - Germany
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Shree Cement - India
  • Africa Commodities Group - South Africa
  • Asmin Koalindo Tuhup - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Leighton Contractors Pty Ltd - Australia
  • Timah Investasi Mineral - Indoneisa
  • Georgia Ports Authority, United States
  • Rudhra Energy - India
  • Miang Besar Coal Terminal - Indonesia
  • Enel Italy
  • Russian Coal LLC
  • Bangladesh Power Developement Board
  • SASOL - South Africa
  • Gujarat Mineral Development Corp Ltd - India
  • Vizag Seaport Private Limited - India
  • Vale Mozambique
  • Vedanta Resources Plc - India
  • Coal Orbis AG
  • The State Trading Corporation of India Ltd
  • IHS Mccloskey Coal Group - USA
  • Interocean Group of Companies - India
  • Shenhua Group - China
  • Mercator Lines Limited - India
  • Anglo American - United Kingdom
  • GVK Power & Infra Limited - India
  • Indian Oil Corporation Limited
  • Qatrana Cement - Jordan
  • Bukit Baiduri Energy - Indonesia
  • Japan Coal Energy Center
  • GMR Energy Limited - India
  • Parliament of New Zealand
  • CoalTek, United States
  • Maersk Broker
  • Merrill Lynch Commodities Europe
  • Indogreen Group - Indonesia
  • Jaiprakash Power Ventures ltd
  • Pinang Coal Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Gujarat Sidhee Cement - India
  • Kartika Selabumi Mining - Indonesia
  • ICICI Bank Limited - India
  • SRK Consulting
  • Semirara Mining Corp, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • Videocon Industries ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Platts
  • Jorong Barutama Greston.PT - Indonesia
  • GNFC Limited - India
  • Platou - Singapore
  • Eastern Energy - Thailand
  • globalCOAL - UK
  • IMC Shipping - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • OCBC - Singapore
  • Toyota Tsusho Corporation, Japan
  • Kobe Steel Ltd - Japan
  • Bulk Trading Sa - Switzerland
  • Panama Canal Authority
  • Posco Energy - South Korea
  • Cosco
  • IEA Clean Coal Centre - UK
  • LBH Netherlands Bv - Netherlands
  • Borneo Indobara - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Minerals Council of Australia
  • Thiess Contractors Indonesia
  • Britmindo - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • White Energy Company Limited
  • Bahari Cakrawala Sebuku - Indonesia
  • Binh Thuan Hamico - Vietnam
  • The Treasury - Australian Government
  • Orica Mining Services - Indonesia
  • Bhatia International Limited - India
  • Mechel - Russia
  • Bank of America
  • Deutsche Bank - India
  • EIA - United States
  • Neyveli Lignite Corporation Ltd, - India
  • Semirara Mining and Power Corporation, Philippines
  • Mercuria Energy - Indonesia
  • ASAPP Information Group - India
  • Merrill Lynch Bank
  • Thai Mozambique Logistica
  • Jatenergy - Australia
  • New Zealand Coal & Carbon
  • Aditya Birla Group - India
  • Idemitsu - Japan
  • McKinsey & Co - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • EMO - The Netherlands
  • Latin American Coal - Colombia
  • Thomson Reuters GRC
  • Metalloyd Limited - United Kingdom
  • Bhoruka Overseas - Indonesia
  • Tanito Harum - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Coaltrans Conferences
  • Tata Power - India
  • Agrawal Coal Company - India
  • Malco - India
  • Indorama - Singapore
  • SN Aboitiz Power Inc, Philippines
  • South Luzon Thermal Energy Corporation
  • Siam City Cement - Thailand
  • Dalmia Cement Bharat India
  • Fearnleys - India
  • Renaissance Capital - South Africa
  • Credit Suisse - India
  • Kobexindo Tractors - Indoneisa
  • Clarksons - UK
  • MS Steel International - UAE
  • Kepco SPC Power Corporation, Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Surastha Cement
  • Independent Power Producers Association of India
  • Kohat Cement Company Ltd. - Pakistan
  • Mintek Dendrill Indonesia
  • Mitsui
  • Salva Resources Pvt Ltd - India
  • Indika Energy - Indonesia
  • Thriveni
  • Economic Council, Georgia
  • Infraline Energy - India
  • Gresik Semen - Indonesia
  • Asian Development Bank
  • Directorate Of Revenue Intelligence - India
  • Ernst & Young Pvt. Ltd.
  • Glencore India Pvt. Ltd
  • Freeport Indonesia
  • Marubeni Corporation - India
  • APGENCO India
  • Indonesia Power. PT
  • Australian Coal Association
  • KEPCO - South Korea
  • Straits Asia Resources Limited - Singapore
  • Cemex - Philippines
  • Iligan Light & Power Inc, Philippines
  • Xindia Steels Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Banpu Public Company Limited - Thailand
  • Altura Mining Limited, Indonesia
  • Kumho Petrochemical, South Korea
  • Parry Sugars Refinery, India
  • PTC India Limited - India
  • Bayan Resources Tbk. - Indonesia
  • World Coal - UK
  • Humpuss - Indonesia
  • CIMB Investment Bank - Malaysia
  • U S Energy Resources
  • Permata Bank - Indonesia
  • Total Coal South Africa
  • Bangkok Bank PCL
  • PowerSource Philippines DevCo
  • Medco Energi Mining Internasional
  • Runge Indonesia
  • Vitol - Bahrain
  • GHCL Limited - India
  • Noble Europe Ltd - UK
  • SMC Global Power, Philippines
  • CNBM International Corporation - China
  • Makarim & Taira - Indonesia
  • Coal India Limited
  • Therma Luzon, Inc, Philippines
  • OPG Power Generation Pvt Ltd - India
  • Antam Resourcindo - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Adaro Indonesia
  • Indian School of Mines
  • Barasentosa Lestari - Indonesia
  • India Bulls Power Limited - India
  • PLN - Indonesia
  • Mitsubishi Corporation
  • Inco-Indonesia
  • TANGEDCO India
  • Lafarge - France
  • ACC Limited - India
  • Sojitz Corporation - Japan
  • TRAFIGURA, South Korea
  • Moodys - Singapore
  • Star Paper Mills Limited - India
  • Arutmin Indonesia
  • Cargill India Pvt Ltd
  • Manunggal Multi Energi - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Planning Commission, India
  • Sindya Power Generating Company Private Ltd
  • Kaltim Prima Coal - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Coal and Oil Company - UAE
  • AsiaOL BioFuels Corp., Philippines
  • Attock Cement Pakistan Limited
  • Central Java Power - Indonesia
  • Sucofindo - Indonesia
  • Mitra SK Pvt Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Samsung - South Korea
  • JPower - Japan
  • Bukit Makmur.PT - Indonesia
  • Rio Tinto Coal - Australia
  • Asia Cement - Taiwan
  • Holcim Trading Pte Ltd - Singapore
  • SGS (Thailand) Limited
  • Energy Development Corp, Philippines
  • London Commodity Brokers - England
  • Wilmar Investment Holdings
  • Bank of China, Malaysia
  • Goldman Sachs - Singapore
  • Tata Chemicals Ltd - India
  • J M Baxi & Co - India
  • Tamil Nadu electricity Board
  • PLN Batubara - Indonesia
  • Kideco Jaya Agung - Indonesia
  • UOB Asia (HK) Ltd
  • Krishnapatnam Port Company Ltd. - India
  • Orica Australia Pty. Ltd.
  • ANZ Bank - Australia
  • CCIC - Indonesia
  • Aboitiz Power Corporation - Philippines
  • San Jose City I Power Corp, Philippines
  • Electricity Authority, New Zealand
  • bp singapore
  • Directorate General of MIneral and Coal - Indonesia
  • SMG Consultants - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Ministry of Mines - Canada
  • Port Waratah Coal Services - Australia
  • Core Mineral Indonesia
  • Gupta Coal India Ltd
  • VISA Power Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bharathi Cement Corporation - India
  • The University of Queensland
  • UBS Singapore
  • Ambuja Cements Ltd - India
  • Riau Bara Harum - Indonesia
  • Central Electricity Authority - India
  • NTPC Limited - India
  • Reliance Power - India
  • Intertek Mineral Services - Indonesia
  • Coeclerici Indonesia
  • Siam City Cement PLC, Thailand
  • Larsen & Toubro Limited - India
  • Geoservices-GeoAssay Lab
  • Ince & co LLP
  • PetroVietnam Power Coal Import and Supply Company
  • Rashtriya Ispat Nigam Limited - India
  • IOL Indonesia
  • KPCL - India
  • Sree Jayajothi Cements Limited - India
  • Ministry of Transport, Egypt
  • Ind-Barath Power Infra Limited - India
  • Malabar Cements Ltd - India
  • Commonwealth Bank - Australia
  • Trasteel International SA, Italy
  • Karaikal Port Pvt Ltd - India
  • Singapore Mercantile Exchange
  • DBS Bank - Singapore
  • GB Group - China
  • Eastern Coal Council - USA
  • Argus Media - Singapore
  • Grasim Industreis Ltd - India
  • Edison Trading Spa - Italy
  • Kalimantan Lumbung Energi - Indonesia
  • BNP Paribas - Singapore
  • JPMorgan - India
  • CESC Limited - India
  • Sical Logistics Limited - India
  • NALCO India
  • Billiton Holdings Pty Ltd - Australia
  • Berau Coal - Indonesia
  • MEC Coal - Indonesia
  • TeaM Sual Corporation - Philippines
  • SUEK AG - Indonesia
  • Cardiff University - UK
  • TNPL - India
  • Uttam Galva Steels Limited - India
  • ING Bank NV - Singapore
  • Jindal Steel & Power Ltd - India
  • WorleyParsons
  • Gujarat Electricity Regulatory Commission - India
  • Standard Chartered Bank - UAE
  • Carbofer General Trading SA - India
  • Essar Steel Hazira Ltd - India
  • Adani Power Ltd - India
  • Cebu Energy, Philippines
  • Savvy Resources Ltd - HongKong
  • Maybank - Singapore
  • Indian Energy Exchange, India
  • Petrochimia International Co. Ltd.- Taiwan
  • HSBC - Hong Kong
  • Inspectorate - India
  • Baramulti Group, Indonesia
  • Lanco Infratech Ltd - India
  • Indonesian Coal Mining Association
  • Xstrata Coal
  • Global Coal Blending Company Limited - Australia
  • Karbindo Abesyapradhi - Indoneisa
  • Peabody Energy - USA
  • McConnell Dowell - Australia
  • Petron Corporation, Philippines
  • Mjunction Services Limited - India
  • Romanian Commodities Exchange
  • Power Finance Corporation Ltd., India
  • Maruti Cements - India
  • Price Waterhouse Coopers - Russia
  • Meenaskhi Energy Private Limited - India
  • PetroVietnam
  • IBC Asia (S) Pte Ltd