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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices higher in the short term, with strong realised prices in 2022 boosting its annual revenue.
The comments come after China, Australia’s largest coal importer and trade partner, earlier this month lifted an unofficial ban on coal imports and others commodities from the country after a nearly three-year long geopolitical tussle.
The Brisbane, Queensland-based miner, which has not typically sold coking coal to China, said last week it had received enquires for long-term supply as Beijing lifted its unofficial ban on coal imports from Australia.
“Coronado expects Australian metallurgical (met) coal imports to China to return in 2023 and displace lower quality and higher cost Chinese domestic or U.S. met coal production, particularly to the Chinese steelmakers in southern regions,” the company said.
Chief Executive Officer Gerry Spindler said he expects met coal prices to remain above historical averages throughtout 2023 due to the ongoing trade constraints for Russian coal and elevated thermal coal demand and prices.
The coal miner posted annual revenue of $3.57 billion, 66% higher than last year with average realised prices more than doubling to $303.1 per tonne.
However, its coal sales volume for the year fell 7.7%, sending shares of Coronado Global 3.3% lower to A$2.07 at 0336 GMT.
Source: Reuters
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Saturday, 06 August 22
SUMITOMO Q1 PROFIT RISES 45% ON STRONGER PRICES OF COAL, NICKEL - REUTERS
Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher price ...
Saturday, 06 August 22
GERMANY'S ENERGY U-TURN: COAL INSTEAD OF GAS - DEUTSCHE WELLE
Berlin has realized it will never again import as much energy from Russia as before the Ukraine war. So the challenge is to wean Germany off its de ...
Saturday, 30 July 22
NUANCES OF FORCE MAJEURE CLAUSE - BALTIC EXCHANGE
Knowledge to Elevate
In NKD Maritime Limited v. Bart Maritime (No 2) Inc (Shagang Giant) [2022] EWHC 1615 (Comm), Bart Maritime (No 2) Inc (th ...
Saturday, 30 July 22
AEMO URGES QUICKER SHIFT TO RENEWABLES AMID COAL FAILURES AND SOARING FOSSIL FUEL COSTS
The Australian Energy Market Operator has called for an accelerated shift to wind and solar, backed up by batteries and other storage, as a devasta ...
Friday, 29 July 22
GLENCORE TO SUPPLY COAL TO NIPPON STEEL AT $375 PER TON - BLOOMBERG
Glencore Plc, agreed to supply coal to Nippon Steel at one of the highest prices ever paid by the Japan Bloomberg reported on July 27.
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- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
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