We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even as it aims to start phasing down coal use in the second half of this decade.
Draft rules for the new system did not give details on exactly how the reserve would work, but said the aim was to have 300 million metric tons of “dispatchable” annual coal production by 2030, equivalent to 7% of its 2022 production.
China is the world’s top coal consumer and producer. Last year it produced a record 4.5 billion metric tons.
Beijing set a goal in 2021 to have coal reserves equivalent to 15% of its annual consumption stocked at mines, ports, power plants and some designated storage areas.
The new system will build on these stockpiles by ensuring that a certain amount of production capacity is ready to be mined when needed.
Mines with at least 3 million tons of production capacity a year can apply to be included, said the National Development and Reform Commssion (NDRC). They must be able to dispatch output when the government deems spot prices to have exceeded a “reasonable” range or when supplies are tight.
The move comes as China continues to worry about energy security after a crippling domestic coal and power shortage in 2021 and a European energy crisis last year stoked by Russia’s war on Ukraine, which sent prices of natural gas soaring.
That has prompted Beijing to boost mining of coal and accelerate approvals for new coal power plants, even though it has previously pledged to reduce coal use in the five-year plan beginning in 2026.
The new production reserve is designed to “reduce volatility in short term markets, and also provide a lever to punish speculators or price manipulators”, said David Fishman of Shanghai-based energy consultancy the Lantau Group.
China launched probes into soaring coal prices during the 2021 power shortage.
Prices on NDRC’s Bohai Rim Thermal Coal Price Index jumped from 526 yuan per ton in May 2020 to a peak of 848 yuan per ton in October 2021. However, prices have been relatively steady this year, hovering between 715 yuan and 734 yuan per ton.
The draft rules are open for public comment until Jan. 6, 2024.
Source: Reuters
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
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 warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
|
|
|
Showing 121 to 125 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
|
| |
| |
|
