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Thursday, 08 December 22
COAL ROYALTY PAYMENTS BOOST AUSTRALIAN STATE'S BUDGET FORECAST - REUTERS
Australia’s Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments from coal producers on the back of a sharp rise in global energy prices due to Russia’s war in Ukraine.
Coal and petroleum royalty revenue has been revised up by A$5.82 billion ($3.90 billion) for the financial year ending June next year, state Treasurer Cameron Dick said in a budget update.
“Coal royalties are worth fighting for. Queenslanders deserve their fair share and they will receive it,” Dick said.
Queensland, home to coal mines owned by majors BHP Group Ltd, Glencore PLC, Anglo American PLC and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit.
A record surplus of A$5.2 billion is now forecast for the state for 2022-23.
The budget update comes ahead of a meeting of federal and state leaders called by Prime Minister Anthony Albanese on Friday to discuss enforcing price caps on gas and coal to contain soaring power prices.
Albanese has said his government is considering price caps, but some resource-heavy states have pushed back as it could hit the revenue they make from royalty payments. Queensland has said it would seek compensation from the federal government for any revenue loss.
Federal Treasurer Jim Chalmers said his government will engage with the states on all matters including compensation but any potential financial support will not be a “blank cheque”.
“We’ve got a trillion dollars in debt, we’ve got deficits as far as the eye can see … so we need to be responsible about it but we also need to be reasonable about it and that’s what we’re doing,” Chalmers told ABC Radio.
Source: Reuters
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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- The University of Queensland
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
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