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Thursday, 30 June 22
INVESTMENT IN GLOBAL COAL SUPPLY CHAIN TO HIT $115 BN IN 2022, LED BY CHINA AND INDIA - BUSINESS LINE
At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022, says IEA.
The investment quantum globally on coal supply chains is expected to grow by 10 per cent year-on-year to around $115.5 billion in the current calendar year, with China and India accounting for a major share, International Energy Agency (IEA) has said.
“Around $105 billion was invested in the coal supply chain in 2021, an increase of 10 per cent year-on-year, and a further 10 per cent rise is expected in 2022 as tight supply continues to attract new projects. This is a long way from the market situation implied by international climate goals and the Glasgow commitment to phase down coal. This increase is being led by China and India, the dominant players in global coal markets,” IEA said in the World Energy Investment report 2022.
Coal shortages and power rationing in China in 2021 made energy security the main priority in near-term Chinese policy, and more than 350 million tonnes (MT) per year of new coal mining capacity was brought on stream in the second half of the year. India is also looking to increase domestic coal supply in the face of a squeeze in 2022 that increased the use of more expensive imported coal, it added.
“Given the unprecedented rise in coal prices in 2022, a key question is whether this will trigger a new wave of investment in the coal supply chain. Outside China and India, it is not clear that such an increase in investment will take place,” the annual report said.
The report explained that the global coal supply investment is expected to grow by another 10 per cent in 2022 as tight supply continues to attract new projects. “At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022,” it added.
IEA said that India, the world’s second-largest consumer and coal producer, is seeking to increase coal production as its energy needs grow and the government looks to decrease imports. This is particularly the case because a supply squeeze in 2022 increased the use of more expensive imported coal.
State-run monopoly Coal India, which accounts for over 80 per cent of the national output, has a target to reach 1,000 MTPA production in the coming years, while also investing in washing plants and rail corridors. Other players include public companies (SSLC and NLC), captive producers and mine developer-operators (MDOs) who are increasingly working for Coal India, the report pointed out.
Under the Indian government’s Coal Mines (Special Provisions) Act, merchant producers can sell coal at free-market prices outside CIL’s monopoly. The first auction for commercial mining blocks was awarded in November 2020, with 19 mines allocated, representing over 3 billion tonnes of coal reserves and a peak capacity of over 50 MTPA.
“A number of additional auction rounds have been launched since. There is uncertainty about how rapidly private producers can navigate the approval process and the pace of development of the production capacity, but current high coal prices are likely to provide a strong incentive,” IEA said.
Source: The Hindu Business Line
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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
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- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
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- Baramulti Group, Indonesia
- Independent Power Producers Association of India
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- Barasentosa Lestari - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
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- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
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- PetroVietnam Power Coal Import and Supply Company
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- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
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- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- PTC India Limited - India
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- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
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