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
Thursday, 14 October 21
SPIKING COAL PRICES: DON’T BLAME THE ENERGY TRANSITION - IEEFA
IEEFAVolatility highlights urgency for renewables-based energy solutions
 
“Energy crisis.” The phrase evokes nearly-forgotten images of gasoline queues in the 1970s, but increasingly describes the spike in global fossil fuel prices. A handful of commenters eagerly lay the blame on renewable energy, which they claim has distracted the world’s attention from investments in oil, gas, and coal production that could have calmed markets.
 
But a sober analysis suggests that today’s energy price crunch has nothing to do with renewables. After all, price spikes aren’t unique to energy. Computer chips, lumber, copper, and iron ore are among the many commodities and products that have seen global price spikes and shortages this year. As the COVID-19 pandemic raged and then eased—alternately slamming the brakes and flooring the accelerator of the global economy—volatility became the rule rather than the exception. 
 
A close look at the surge in global coal prices is instructive. Prices for some low-grade thermal coals have quadrupled on international markets since last year’s lows. COVID-induced volatility bears much of the blame. But price spike also has its roots in the world’s largest coal market, China, which produces (and consumes) half the world’s coal and meets 60 percent of its energy needs from the mineral. 
 
Over the past year, China has experienced domestic coal shortfalls and shrinking stockpiles that forced the country to boost its imports. Given the country’s outsized appetite for coal, even a modest boost in imports quickly sent seaborne coal prices skyrocketing. The recipe for China’s coal shortages had at least five key ingredients, none related to the country’s renewables policies:
 
A mine safety crackdown. The Chinese coal mining sector has been a risky business. The state-run Xinhua News Agency reported that 225 coal miners died in China during 2020 in 122 accidents. But in the wake of a cluster of fatalities, federal authorities launched a major safety inspection effort in November 2020. The heightened scrutiny was blamed for a slowdown in production that began in April, a month after China boosted penalties for mine accidents. The prospect of jail time made mining executives reluctant to boost output even as supplies tightened.
 
Curbs on overproduction. China’s coal mining sector had struggled over much of the past decade with overcapacity that flooded markets with cheap coal—making it hard for many firms to find profits. Last November, just as China’s government was cracking down on coal mine safety, it also stepped up inspections for quota violations—once again making it risky for mining companies to boost supplies.
 
An anti-corruption campaign in Inner Mongolia. One of China’s most sparsely populated provinces, Inner Mongolia produces roughly one-quarter of the nation’s coal. President Xi Jinping announced in March that the government would investigate coal industry corruption in the region in a campaign that would “never end.” (The campaign focused, in part, on companies producing more coal than their quotas.) Top officials in the regional government have been sent to jail for more than a decade, with one given a suspended death sentence. In early 2021, the government was investigating almost 700 corruption cases involving about 1,000 people. The campaign, which was expanded across the country, also encouraged coal mining firms to curb their production to avoid becoming entangled in an investigation. 
 
A halt to Australian coal imports. Tensions between Australia and its largest trading partner heated up last year, largely due to China’s territorial claims in the Pacific Ocean and the Australian government’s call for a “weapons inspector”-type investigation of the origins of the COVID-19 virus. China responded by blocking Australian coal imports in November 2020. The squabble led Beijing to seek out other markets for coal imports from Indonesia, Russia, the United States and South Africa. The shift contributed to a tripling in the price of lower-grade Indonesia coal over the summer.
 
Weather: Too cold, too hot, and too wet. An unusually cold 2020-21 winter in North Asia prompted blackouts in some regions. At least nine grid systems in northern provinces recorded record demand in early January. Summer heat waves continued to pressure the coal supply. Now winter approaches, and major power plants reported having about a 10-day stockpile of coal, roughly half of last year’s total. The country, desperate to boost coal consumption, faces a new weather-related obstacle: Record-breaking floods have shut down 60 mines in Shanxi province, a region that produces 30 percent of China’s coal. 
 
These factors, together with COVID, helped precipitate a domestic coal crunch in China that quickly spread around the planet. Those who would blame the growth of renewables for China’s coal shortages are grasping at straws. If anything, ramping up investments in renewables would ease the country’s reliance on volatile, unpredictable fossil fuel supplies.
 
As for China, so for the world. Until the planet completes its transition to a renewable energy-based economy, supply and demand shocks—such as the ones currently traveling around the globe—will be a fact of life.
 
By Clark Williams-Derry
Energy Policy Analyst
IEEFA


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

Recent News

Thursday, 26 November 20
COAL FINANCING QUICKLY DRYING UP WORLDWIDE - ANALYSTS : REUTERS
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping ...


Wednesday, 25 November 20
LIBOR REPLACEMENT AND SHIP FINANCE - WHERE IS IT HEADING? - WFW
The likely replacement of the LIBOR at the end of 2021 creates difficult technical and practical issues for all sectors of business and finance. Th ...


Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...


Wednesday, 25 November 20
CHINA KICKS AN OWN GOAL WITH AUSTRALIAN COAL - FORBES
China’s annoyance at Australia’s hardline stance on political interference and demands for an independent inquiry into the root cause o ...


Wednesday, 25 November 20
MINISTER - INDONESIA JAN-OCT COAL OUTPUT AT 459 MILLION TONNES - REUTERS
Indonesia coal output in the January to October period was 459 million tonnes, the country’s energy minister told parliament on Monday. & ...


   65 66 67 68 69   
Showing 331 to 335 news of total 6477
News by Category
Popular News
 
Total Members : 27,652
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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