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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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Tuesday, 26 April 22
INDIA'S COAL IMPORTS ARE SHIFTING, THERMAL MORE THAN COKING - REUTERS
India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring ...
Monday, 18 April 22
GERMAN COAL IMPORTERS EXPECT A BRIEF SPIKE IN PRICES ON EU BAN - REUTERS
A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the c ...
Monday, 18 April 22
FINNISH 'LOOPHOLES' ALLOW IMPORTS OF RUSSIAN COAL AND OIL TO CONTINUE - EURONEWS
Activists in Finland are calling for the government to clamp down faster on state-owned companies that continue to import raw materials from Russia ...
Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday.
...
Monday, 18 April 22
DEMAND FOR THERMAL COAL TO RISE DUE TO INCREASE IN ELECTRICITY DEMAND: INDIAN COAL MINISTRY - PTI
Coal block allocatees have a golden opportunity to augment production as the demand for thermal coal will rise due to an increase in electricity de ...
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- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
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- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
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- Lanco Infratech Ltd - India
- Minerals Council of Australia
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- Toyota Tsusho Corporation, Japan
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- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
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- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
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- Videocon Industries ltd - India
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- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
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- Barasentosa Lestari - Indonesia
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- Metalloyd Limited - United Kingdom
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- VISA Power Limited - India
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- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
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- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
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- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
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- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
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- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
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