COALspot.com keeps you connected across the coal world

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

Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...


Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...


Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter. ...


Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.    Earnings generation should slow down as selling pr ...


Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...


   4 5 6 7 8   
Showing 26 to 30 news of total 6503
News by Category
Popular News
 
Total Members : 27,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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