COALspot.com keeps you connected across the coal world
  • NOVEMBER 2021 HBA FOR EXPORTS INCREASED BY $33.03% MOM, $85.79 YTM AND $183.50% YOY
  • NOVEMBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$215.01 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
Wednesday, 29 September 21
THE WRITING IS ON THE WALL: AUSTRALIA’S COAL ERA IS OVER - YAHOO!FINANCE
As the fringe of Australian politics strives to pump up the coal industry, facts show that coal production has started its long run decline.
 
Coal production in Australia and around the world has started to fall as energy producers rapidly move towards renewables.
 
Not many issues are more certain in economics and finance than the demise of coal as a source of energy generation.
 
Global action on climate change and the extraordinary efficiency gains in renewable power generation means that coal is not only a blight in the fight against global warming, but it is becoming obsolete because it is getting cheaper for energy companies to use renewable sources to generate the power for our businesses, homes and cars.
 
Australian coal output and exports are falling
 
According to the latest ABS data, the volume – tonnages if you like – of Australian coal exports in the June quarter 2021 fell to its lowest level since the September quarter 2013.
 
From the peak volume of coal exports in the December quarter 2016, coal exports have fallen 15 per cent and the trend is clearly down.
 
This is not a reflection of a fall in Australian market share.
 
Global production of coal peaked in 2014 at 8,165 million tonnes, according to data from the Statistical Review of World Energy.
 
In 2020, global output was 5 per cent lower at 7,742 million tonnes.
 
Australia’s output of coal, which is just 6 per cent of the global total, fell to 477 million tonnes in 2020, the lowest annual output since 2014.
 
Growth in renewables output, conversely, is booming. Since 2014, the output of renewable energy has risen 93 per cent; it is up a stunning 530 per cent since 2006.
 
The trend for renewables is clear.
 
Of course, coal will still be used for many years to come, but it will be in decreasing volumes. With many countries moving inexorably to renewables and away from coal, the transition is will steadily unfold.
 
How many years this will take is unclear. But it is easy to see the circumstances in 10 and 20 years, with coal-fired power plants closing, that coal usage will be markedly lower than it is today.
 
Investors are already shying away from the coal sector. Banks are scaling back their loan exposure to the coal sector at the same time they are aggressively lending for renewables.
 
It is easy to see how these market forces will work – coal mining opportunities will continue to wither while entrepreneurial renewable investors will likely flourish.
 
Fund managers are also scaling back their exposure to the coal sector as they take account of their investment guidelines which universally focus on solid long run returns for those trusting the fund to invest their retirement savings.
 
Some in the government and with vested interests still favour coal.
 
If a private sector firm is willing to invest in coal production, it of course should be free to do so. If it sees a business case for ramping up coal output, that should be allowed to happen as long as it meets the regulations and other requirements in doing so.
 
Quite plainly, the government should not risk any taxpayer money in such plans. Nor should it change the rules which will give the coal sector an unfair advantage. The risks are clearly too high that it will be wasting scarce money.
 
It is even more important that the government stay well away from coal with the global goal of zero net carbon emissions by 2050 as the world works to slow global warning and climate change.
 
In the end, global demand for coal has peaked and that in the years ahead, coal output will steadily decline. Many billions of tonnes of coal will be left in the ground.
 
Fast forward to 2050 and it’s likely that coal usage will be limited to some low income countries and not much else.
 
The facts on coal production are already clear. The decline in output in recent years is the start of a trend that any sensible government would be aware of when it makes decisions on whether or not to use tax payer money in any new coal projects.
 
It would be poor policy to allocate any money or other resources to promote coal when the writing is on the wall for its demise.
Source: yahoo!Finance


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

Recent News

Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...


Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...


Tuesday, 16 November 21
CHINA'S MONTHLY COAL OUTPUT RISES TO HIGHEST SINCE MARCH 2015 - REUTERS
China’s October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame reco ...


Friday, 12 November 21
RUSSIA-INDIA COKING COAL DEAL UNLIKELY TO IMPACT PANAMAX SHIPPING - DREWRY
Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year. Dre ...


Friday, 12 November 21
ASIA COAL POWER PIPELINE TO SHRINK BY TWO THIRDS AFTER CHINA FINANCE CUT - REUTERS
Asia’s pipeline of proposed coal-fired power plants is expected to shrink from 65 gigawatts to 22 gigawatts following China’s pledge to ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6470
News by Category
Popular News
 
Total Members : 27,644
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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