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Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warned prices were easing, partly due to high inventories at European power utilities.
Exxaro posted a 41% increase in revenue to 46.4 billion rand ($2.53 billion). It realised an average coal price of $251 per tonne last year, up from $96 in 2021, due to a price surge after the European Union banned coal imports from Russia following its invasion of Ukraine in February 2022.
However prices, which started coming off in the final quarter of 2022 due to the European inventories amid milder winter temperatures in October and November, have continued to decline in the new year, Exxaro’s finance director Riaan Koppeschaar told Reuters.
“We should expect a bit of a discount on the API4 side because of the weakness in the Atlantic basin. If you look at the forecasts, it’s somewhere between $120 and $140 per tonne,” Koppeschaar said. API4 is the benchmark price reference for South African coal exports.
Like its peers, Exxaro has been trucking some of its coal to ports due to rail capacity problems at South Africa’s state-owned Transnet.
Transnet is struggling to haul minerals to port due to the shortage of locomotives and spares as well as cable theft and vandalism of its infrastructure, forcing exporters to resort to rail.
But coal volumes moved by trucks, an expensive alternative to rail, are declining due to weaker prices, Koppeschaar said.
“There is very little coal being shipped from the trucking route in Richards Bay, so it’s clear there’s already a material chunk (of coal) that’s not economical,” he said.
Exxaro exported 5.2 million tonnes in 2022, down from 7.6 million tonnes the previous year due to the rail capacity problems.
The miner reported a 28% jump in headline earnings per share to 60.16 rand ($3.27) in the year ended Dec. 31, compared with 46.83 rand previously, but declared a lower dividend, citing lower income from its iron ore investment as well as uncertainty over rail performance.
It declared a final dividend of 11.36 rand per share, compared with 11.75 rand last year.
Source: Reuters
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Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
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- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Planning Commission, India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Australian Coal Association
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
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