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Thursday, 06 October 22
AUSTRALIA’S RESOURCES REVENUE TO HIT RECORD AMID UKRAINE CONFLICT - REUTERS
Australian resources and energy export earnings are forecast to jump 7% to a record A$450 billion ($290 billion) this fiscal year, bolstered by soaring coal and gas prices in the wake of sanctions on Russia, the government said on Tuesday.
The country is set to see strong growth in revenue from exports of liquefied natural gas (LNG) as well as thermal coal used in power plants, the Department of Industry, Science and Resources said in a quarterly report.
That will offset declines in top export earner iron ore and metallurgical coal due to a downturn in steel making.
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Thermal coal export revenue is expected to surge 35% to A$62 billion in the year to June 2023, overtaking revenue from metallurgical coal, forecast at A$58 billion.
“It is expected that thermal coal prices will remain above metallurgical coal prices for some time — an unprecedented situation — and likely enduring while steel demand remains low and energy shortages persist,” the report said.
It added that prices could climb even more than expected as wetter-than-normal conditions over the Australian summer may hamper supply.
Australian coal has increasingly headed to Europe instead of India since mid-2022 after European sanctions were imposed on Russian coal for its invasion of Ukraine, the government said. Cost-sensitive Indian buyers are turning to cheaper Russian and Indonesian supply.
LNG exports are expected to fetch A$90 billion this fiscal year, up 29% on last year, on soaring prices as Europe scrambles to find gas to replace supply from Russia.
“Australia’s higher forecast earnings will be transient if Russia restores European gas flows. But should the flows continue to fall, earnings could rise higher,” the report said.
Lithium export revenue is expected to nearly triple to A$14 billion, buoyed by 16% growth in output and soaring prices as demand for the metal used in electric vehicle batteries grows.
The buoyant forecast is also being helped by the U.S. dollar’s surge against the Australian dollar, as the country’s key commodities are all priced in U.S. dollars.
Source: Reuters
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Monday, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA ...
Saturday, 17 September 22
CHINA WARNS COAL COMPANIES AGAINST DUAL CONTRACTS, KEEP PRICES STABLE - REUTERS
China’s state economic planner warned coal companies operating at ports in the Bohai Bay region to comply with their long-term contracts to k ...
Saturday, 17 September 22
IS A GLOBAL RECESSION IMMINENT? - WORLD BANK
Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions, has i ...
Saturday, 17 September 22
FITCH RATINGS REVISES GLOBAL METALS & MINING PRICE ASSUMPTIONS
Fitch Ratings has revised its metals and mining price assumptions reflecting evolving economic growth expectations and demand and supply dynamics.
...
Friday, 16 September 22
WHEN IS A VESSEL'S INCOME EARNING CAPACITY AT RISK? 'CONTROLLED INCOME CAN BE A KEY OF SUCCESS' - MARASCO MARINE
Managing marine risks is not an easy task, which requires special knowledge and expertise on the subject per se. Customarily, big ship management c ...
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- Singapore Mercantile Exchange
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Economic Council, Georgia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- The University of Queensland
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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