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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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Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
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 ...
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- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
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