COALspot.com keeps you connected across the coal world
  • OCTOBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 161.63 A TON
  • OCTOBER 2021 HBA FOR EXPORTS INCREASED BY $11.60 MOM, $85.79 YTM AND $110.63 YOY

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, 11 July 21
COAL SHOWS ITS STAYING POWER AS ECONOMIES BOUNCE BACK - THE WALL STREET JOURNAL
Coal use is surging in some of the world’s largest economies as electricity demand rebounds from the pandemic, illustrating the challenges to countries looking to wean themselves off the dirty but reliable fossil fuel.
 
Coal was in decline for years in many countries, but its use is now picking up in the U.S., China and Europe despite growing pressure from governments, investors and environmentalists to curb carbon emissions. The leading reason for the uptick—which has pushed coal prices to multiyear highs—is rising power demand as economies reopen rapidly from pandemic hibernation.
 
While analysts and executives say the resurgence of coal is likely to be short-lived, it shows the world’s continued dependence on fossil fuels until renewable-energy capacity grows further and storage technologies improve.
 
Countries have spent billions adding renewable-power capacity at record rates, but solar and wind projects generate electricity only when the sun is shining or the wind is blowing, and can’t be ramped up when demand rises. Those limitations mean the world is still reliant on fossil fuels, especially when there is a surge in electricity demand. Analysts say this will remain the case until more renewable capacity is added, along with storage such as batteries.
 
“It’s difficult to get off coal because of security of supply. At the end of the day you need to keep the lights on,” said Kathryn Porter, founder of energy consulting firm Watt-Logic. “When governments are faced with the choice of not supplying electricity, or using coal, they will use coal.”
 
The need for more coal is arising as economies recover. The global economy is expected to expand this year at the fastest pace since 1980, according to the International Monetary Fund, as advanced economies spend aggressively to counter the impact of Covid-19 and related lockdowns. The IMF said in April that it expects the world economy to grow 6% this year, after contracting in 2020.
 
In the U.S., improving economic conditions are forecast to boost retail electricity sales in the commercial and industrial sectors by 2% this year, according to the Energy Information Administration.
 
Coal supplied 23% of U.S. electricity production from the start of the year through mid-June, up from 17% in the same period of 2020, according to a Wood Mackenzie analysis of preliminary EIA data. The consulting firm attributes the rise to the economic recovery along with higher natural-gas prices, which have prompted some to turn to coal instead.
 
For Southern Co., an Atlanta-based power company that provides electricity and natural gas in the South and Midwest, coal accounted for 22% of its generation mix during the first quarter, up from 17% last year. The company said the uptick reflected an increase in electricity demand and natural-gas prices, as well as colder temperatures.
 
Credit-ratings firm Moody’s Investors Service expects U.S. coal consumption to increase by as much as 10% in 2021, boosting revenue for coal producers, though it still views the industry as one in decline as the power sector shifts toward renewable energy.
 
The two largest U.S. coal producers, Peabody Energy Corp. and Arch Resources Inc., each reported higher first-quarter demand for thermal coal, used in electricity generation.
 
“While we may see a temporary improvement in thermal coal demand due to accelerating economic growth, longer term we expect domestic and global thermal markets to remain challenged,” Arch Resources said in an April regulatory filing.
 
Most big global mining companies have continued to shed coal assets even as prices rally.
 
In Europe, coal use has risen this year in some countries, including Germany and France, according to consulting firm Energy Aspects. Its data showed the trend emerging in recent weeks in the U.K., which plans to phase out all coal power by 2024.
 
With electricity demand growing, European coal use also has been boosted by a shortage of gas supplies after a long, cold winter drained storage sites in the region. That in turn has boosted natural-gas prices, increasing the appeal of coal for some power producers.
 
In the U.K., which has shunned coal for renewable power in recent years, demand for electricity is such that the grid operator has issued six notices since November warning that the system could need more power. May 2016 had been the last time such a note was issued.
 
China is also feeling the pinch. There have been recent power outages in the country’s southern provinces because of growing power consumption, heat waves and a late rainy season that has hindered hydropower facilities, according to the National Development and Reform Commission.
 
For the first five months of 2021, China’s largely coal-fired thermal-power generation was up 16% from a year earlier, said the NDRC, which is the government’s economic-planning agency.
 
In May, plants in Guangdong, China’s manufacturing hub in the Southeast, were asked to curb power use and suspend operations for hours, or in some cases days. Under the NDRC’s guidance, the province stopped curtailing power usage from June 5 and instead has received electricity supplies from surrounding provinces.
 
Some analysts say the surge in coal demand is unique to the pandemic. They also note that the rise is off a low base after an exceptional fall in demand last year amid lower electricity use and cheap natural gas.
 
Other analysts and executives, though, say the resurgence of coal shows the challenge of curbing the use of fossil fuels for electricity generation even as renewables gain traction. The International Energy Agency forecasts renewables will surpass coal in global electricity generation by 2025 and account for 33% of the mix.
 
Initially, most grids can accommodate some solar and wind capacity and cope with the fact their output is dependent on the weather and time of day, sometimes using gas and coal power as backup. But as the percentage of electricity generation from renewables increases, the need for solutions to that intermittency grows.
 
Potential solutions include batteries that could store power over the seasons, as well as fleets of electric vehicles charging at times when renewable power is available, said Chris Kimmett, power director at grid-stability specialist Reactive Technologies Ltd.
 
“But we’re not there yet, which is why you see the immediate default to coal-fired power stations,” Mr. Kimmett said.
 
Some analysts say the problems caused by spikes in demand could be exacerbated as sectors that previously didn’t run on electricity, such as vehicles, make the switch before there is enough low-carbon power generation available.
 
For instance, in Norway, where sales of electric vehicles surpass those of cars with combustion engines, power consumption from electric transport is forecast to double to 2% of total demand in the next three years, according to consulting firm Volue ASA.
 
The rise in coal-fired power generation “reinforces the message to every government that we need to speed up the transition,” said Jonathan Cole, head of offshore wind at Spanish utility Iberdrola SA.
 
“Electricity demand will continue to rise as we electrify more areas of the economy, and it is unthinkable that coal can be part of the mix going forward,” he said.
Source: The Wall Street Journal


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

Recent News

Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...


Tuesday, 26 October 21
ENERGY CRISIS SHOWS COAL IS AN EXPENSIVE AND UNRELIABLE SOURCE OF ELECTRICITY GENERATION - IEEFA
Any knee-jerk reaction that urges more investment in coal completely misses the point India is teetering on the brink of joining a growing glo ...


Tuesday, 26 October 21
CHINA TO INVESTIGATE ENERGY INDEX PROVIDERS IN BID TO TAME COAL PRICES - REUTERS
China said on Monday it will investigate energy price index providers as it urged coal industry participants to “strictly” meet contrac ...


Tuesday, 26 October 21
THERE IS PLENTY OF COAL AND GAS IN THE WORLD BUT A VOLATILE MARKET IS NOBODY'S FRIEND - IEEFA
Gas will be winding its way out of the energy system   Gas prices are continuing to surge around the world. The cost of gas is at unpr ...


Tuesday, 26 October 21
AUSTRALIA EXPORTED 51.6 MLN TONNES OF COAL TO INDIA IN FIRST 10 MONTHS, 19% OF ALL AUSTRALIAN COAL EXPORTS; CHINA WAS THE DESTINATION FOR JUST 0.7% - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. In 2021 things started pretty badly, but we are seeing increasing signs of ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6439
News by Category
Popular News
 
Total Members : 27,602
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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