COALspot.com keeps you connected across the coal world
  • September 2022 Indonesian coal price reference for exports fixed at US$ 319.22 a ton
  • September 2022 Indonesian coal price reference for domestic power plants fixed at US$ 70.00 a ton
  • September 2022 HBA for exports decreased by 0.74% MoM, up 101.40% YTM and 112.77% YoY
  • September 2022 Indonesian coal price reference for domestic industries except smelter fixed at US$ 90 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


Search News
Latest CoalNews Headlines
Sunday, 30 May 21
PAKISTAN IS PLANNING TO END COAL IMPORTS, WORSENING OUTLOOK FOR SOUTH AFRICAN COAL - IEEFA
IEEFAThe growing and irreversible risks being faced by South African coal exporters
 
As Thungela Resources’ CEO attempts to talk up the future of the Anglo American coal spin-off, South Africa’s second largest coal export destination Pakistan is planning to bring coal imports to an end.
 
Thungela CEO July Ndlovu recently stated that a “just transition” for developing nations requires the continued operation of existing coal-fired power plants to avoid economic damage.
 
However, even in the unlikely event that coal power stations can remain financial sustainable amidst the ongoing wave of ever-cheaper renewable energy development globally, Ndlovu misses a key point.
 
In some of South Africa’s key export destinations, any continued long-term operation of coal-fired power plants doesn’t necessarily support imported coal – it makes sense from an economic and energy security point of view for them to replace imports with domestic coal.
 
Pakistan – South Africa’s second-biggest coal export destination – is now planning to do exactly that.
 
Reported in two of Pakistan’s major newspapers, the government is planning a range of reforms to address the hopelessly unsustainable financial position the nation’s power sector is in. These include the cessation of further coal-fired power development and the conversion of existing plants using imported coal (around 5,500 megawatts) to use domestic coal instead.
 
Reconfiguring power plants to use domestic coal may not be straight-forward but drastic action is needed reduce the cost of power generation. The debt buildup within Pakistan’s power sector is heading for US$17 billion and capacity payments to thermal power plants are expected to reach US$10 billion per annum by 2023.
 
The inevitable result of this is a proposed huge consumer power tariff increase – a move that will hold back Pakistan’s economic development.
 
The fleet of coal-fired power stations built by China under the China-Pakistan Economic Corridor (CPEC) program are proving to be a major economic burden adding to the financial crisis. Pakistan is now asking for debt relief from China on the CPEC power projects.
 
Pakistan’s plans to replace imports with domestic coal come as India – by far South Africa’s largest coal export destination – continues to strive to do the same.
 
India has been targeting import replacement for years with little result but the COVID-19 crisis has reinforced the government’s efforts as it targets economic recovery and support for Indian jobs.
 
South African coal exports out of Richards Bay Coal Terminal (RBCT) to India dropped 11% in 2020, driving a fall in total exports to 70.2 million tonnes. This will have been impacted by COVID-19 and the subsequent drop in power demand. However, overall coal exports out of RBCT have now dropped for three successive years.
 
Although some bounce back in volumes can be expected in 2021, it is now seeming increasingly unlikely that exports will reach the 2017 high of 76.5 million tonnes again. RBCT maximum capacity of 91 million tonnes per annum is entirely theoretical – around 15 million tonnes of that capacity is already stranded.
 
Much was made of the fact that RBCT exports have recently shipped to China following its ban on imports from Australia. However, this is unlikely to last. President Xi has committed to reducing China’s coal consumption from 2026.
 
In addition, China is another major coal exporter that looks set to replace imports with domestic coal in the medium term.
 
Improvements to domestic coal mining efficiency and output, coal rail logistics and power transmission infrastructure are underway to increase reliance on domestic and Mongolian coal and reduce imports. China’s 2020 domestic coal output was the highest since 2015 following expansions in coal mining capacity.
 
Increased emphasis on renewable energy will also squeeze out China’s thermal coal imports. COVID-19 did not hold back China’s accelerating renewable energy additions. The nation added more than 72 gigawatts of wind power in 2020, more than double the previous record. It also added 48 gigawatts of solar, the most since 2017.
 
South Korea – another key market for South African coal – doesn’t have domestic coal to replace imports but its consumption looks set to decline as the nation’s energy transition gathers pace.
 
Under the South Korean government’s ninth electricity plan, coal-fired power generation is expected to decrease 23% by 2030, reducing thermal coal consumption by around 19 million tonnes per annum. A total of 30 coal-fired power plants are planned to be shut down by 2034.
 
South Korea will also no longer finance coal-fired power stations overseas, joining Japan in shifting away from such developments in developing nations.
 
As a result, the potential for new coal markets to replace existing ones is disappearing. Bangladesh is planning to cancel its coal power project pipeline whilst Vietnam has reduced its coal power capacity target from 55.3 gigawatts to 37.3 gigawatts as its renewables ambition grows.
 
Only 20.4 gigawatts of that lower target will run on imported coal but, given the pace at which finance is abandoning coal, it seems unlikely all that capacity will ever be built.
 
Thungela’s CEO has stated that the company will study the coal market over the next two years to understand the ESG (environmental, social, governance) trends.
 
However, the trend is already perfectly clear – governments and financiers are abandoning coal-fired power because it’s never going to be “clean” and is increasingly challenged by cheaper renewable energy. The stranded asset risk is far too great.
 
The trend is already biting companies seeking to open up new coal capacity, including in South Africa.
 
It isn’t yet clear how Pakistan would deal with the logistics of a shift away from coal imports. But its’ plans add to the growing and irreversible risks faced by South African coal exporters.
 
This commentary by IEEFA’s Simon Nicholas first appeared in Business Day.


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

Recent News

Thursday, 08 September 22
MARKET INSIGHT - INTERMODAL
While the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade is ultimately realigned. Mor ...


Friday, 02 September 22
INDONESIA COAL PRICE REFERENCE SLIPS SLIGHTLY IN SEPTEMBER 2022
COALspot.com: Indonesian Coal Price Reference for September delivery drops 0.74 per cent month on month.   The Indonesian Coal Price R ...


Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...


Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...


Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...


   3 4 5 6 7   
Showing 21 to 25 news of total 6645
News by Category
Popular News
 
Total Members : 27,953
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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