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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
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
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