COALspot.com keeps you connected across the coal world
  • JUNE 2022 HBA FOR EXPORTS INCREASED BY 17.51% MOM, 104.36% YTM AND 222.84% YOY
  • JUNE 2022 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 323.91 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
Tuesday, 07 December 21
COAL WOULD REMAIN ENERGY LEADER FOR AT LEAST 15 YEARS - LIVEMINT
Coal India Ltd (CIL) has been in the eye of the storm after fuel stocks at coal-fuelled power plants depleted in October. Fuel stocks since are being replenished.
 
n an email interview, Pramod Agrawal, chairman of world’s largest coal miner, spoke about scaling down of production by power plants which were reliant on costly imported coal, leading to domestic coal-fuelled power plants to step in. Agrawal, an IAS officer of the Madhya Pradesh cadre, also spoke about a likely increase in prices of the fossil fuel and stated that coal would keep its leadership of the energy landscape for at least a decade-and-a-half despite the focus on clean energy.
 
What were the problems faced due to state generation companies (gencos), ramping down of generation by imported coal fuelled power projects and inadequate buildup of fuel stocks at power projects, specifically during the summer and monsoon?
 
Owing to high international coal prices, 14 imported coal-based power plants scaled down their generation to 28.24 billion units (BU) during April-October’21 compared to 44.96 BU in the same period a year earlier, which resulted in a generation fall of 37%. Domestic coal-based power plants had stepped in to meet the gap where CIL had supplied around 20 million tonnes of additional coal. Supply fluctuation during the monsoon is a normal seasonal trend which this year got amplified due to a sudden surge in power generation leading to unprecedented coal demand. In fact, our supplies to the power sector are at an all-time high so far. With improved supplies, 20 mt of coal stock has been built up at power plants so far, the bulk of it from CIL sources. We are targeting to boost the stocks further to adequate levels by the fiscal-end. Outstanding receivables are the only concern with state gencos.
 
What is the latest coal production and offtake data and trajectory for meeting annual production target of 670 mt for FY22?
 
As of November-end, our production was nearly 354 mt, logging 5.6% year-on-year growth. Realistically, we may close the fiscal with an output of 640 mt. On the off-take front, our supplies have taken a leap to 421 mt, which is an increase of 64 mt over last year same period, with a growth of 18%. If coal demand pans out favourably, we are aiming at 680 mt despatches by the fiscal year-end. We also plan to supply more than 540 mt of coal to the power sector which would be a record high.
 
What is the proposed action plan to meet growing demand for coal in the country, especially keeping in view the 1 billion tonne production target by FY24?
 
Scaling up coal production is imperative. Currently, coal demand is high and is likely to sustain in the future. Our plan to ramp up production includes close monitoring of 35 major projects which account for 70% of our entire production. To boost future production, we are pursuing MDO (mine developer and operator) mode and cleared 13 of 15 such greenfield projects having a combined capacity of 170 mtpa (million tonnes per annum). Global tenders have been floated for 10 projects. For the ongoing fiscal, nine coal mining projects having a total capacity of around 67 mtpa and incremental capacity of 37 mtpa have been green-flagged. This comes on the heels of highest-ever 36 coal mining projects cleared in FY21 which have a total capacity of approximately 333 mtpa. We are also in constant dialogue with state governments for land acquisition to expand our operations. All these efforts would push up our production.
 
Are we looking at a coal price hike soon? Any indication on how much it would be and other details.
 
It is likely to happen but to draw a timeline would not be possible. For the last four years, there has been no price increase but most of the input costs including diesel and explosives have increased. Despite this, our prices held steady. We are now reaching a level where to stay commercially viable, price increase is essential; when and how much would be a collective board decision. But the idea is we have to be adequately compensated and whatever the increase should take care of our Ebitda (earnings before interest, taxes, depreciation and amortization). While protecting our bottom line, we will also consider the impact on price of energy in the country because coal price increase has an influence on various commodities. We will take all our stakeholders on board.
 
Coal is under fire from environmentalists. What would be coal’s standing in the energy mix of the country in future?
 
Environmental concerns revolving around coal are understandable and justified. We are sensitive to environmental protection in our production and transportation and are reducing CO2 emissions and particulate matter to the extent possible. However, the journey of coal is not going to end anytime soon, and it will continue to retain its energy leadership for at least a decade and half to come. Coal’s percentage in the energy basket may reduce with renewables and cleaner sources gradually filling up more, but in absolute terms coal’s contribution will be higher. Forcing out coal in the absence of alternative energy sources to replace its role is not a viable option. It is certain that at some point of time in future coal has to step down from the high pedestal that it currently occupies in the country’s energy hierarchy. But the big question is when. Till such time, coal is here to stay.
Source: LiveMint


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

Recent News

Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...


Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...


Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...


Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...


Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...


   281 282 283 284 285   
Showing 1411 to 1415 news of total 6550
News by Category
Popular News
 
Total Members : 27,851
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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