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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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Monday, 25 October 21
CHINA VOWS TO SEVERELY PUNISH MARKET VIOLATIONS AMID LOW COAL FUTURES PRICES - GLOBAL TIMES
Domestic coal futures had plunged for three consecutive trading days after the government vowed to crack down on soaring prices, and China’s ...
Monday, 25 October 21
FARMERS MAY JOIN THE COAL COMMODITY MARKET TO REDUCE RISKS - GLOBAL TIMES
A recent trip to by the Global Times to East China’s Shandong Province to get a glimpse of China’s coal supply chain revealed a surpris ...
Monday, 25 October 21
CHINA COAL PRICES MARK WORST WEEK SINCE MAY ON GOVERNMENT INTERVENTION - REUTERS
China’s thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing’s strongest interventio ...
Friday, 22 October 21
THE BIG PICTURE: ENERGY MARKETS - BREAK WAVE ADVISORS
The shipping markets have been pulled further into wild markets of coal and other energy sources. Given how nebulous this sector is, it’s alw ...
Friday, 22 October 21
CHINA WANTS TO COOL COAL PRICES. SIMILAR MOVES FOR METALS, CRUDE FAILED - REUTERS
China’s latest attempt to lower runaway commodity prices, this time for thermal coal, is likely to follow a familiar pattern of initial succe ...
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- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Economic Council, Georgia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Australian Coal Association
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Planning Commission, India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- The University of Queensland
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
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