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Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry group said on Wednesday, slower than last year’s 2.9% growth.
The projection comes on the back of record output in 2023, when the world’s largest coal consumer mined 4.66 billion tons of the polluting fossil fuel.
The China Coal Transportation and Distribution Association (CCTD) expects domestic coal prices to decline at an accelerated pace, partly due to weakness in its real estate markets, said Feng Huamin, senior analyst at CCTD’s research department.
Feng pointed to government orders to suspend infrastructure projects in some heavily indebted provinces as one of the key reasons for the pressure on prices.
Declines in property investment and sales in China have slowed amid government efforts to arrest a protracted downturn in the sector, but analysts were wary of calling an end to the pain in the fragile housing markets just yet.
Output from non-fossil sources will add to pressure on thermal output this year, with power output expected to grow in line with its 5% economic growth forecast, Feng said.
“A large portion of forecasting institutions believe that hydropower generation will see clear improvement this year,” Feng said, adding that higher solar and wind installations could help address about 70% of the expected growth in power demand.
Drought-like conditions in key generating regions resulted in China headlining an alarming decline in hydroelectricity output in Asia last year, as its output plunged at the steepest pace in decades.
Some miners have paused production for longer after the Lunar New Year break, sources familiar with the matter said. Feng said a few mines are already at risk of hitting their storage limits due to high inventory levels.
Separately, the top coal producing hub of Shanxi is expected to cut output by 40 million tons this year, partly due to a slew of accidents in the recent past, Feng said.
Shanxi saw mine accident-related deaths surge over 50% in 2023, pushing the mining safety regulator to issue a notice last month asking mines to curb overproduction to prevent accidents.
However, power use by industries during the first two months of 2024 grew at a surprisingly high 9.7%, Feng said, a trend which could push stockpiles lower if it continues.
Source: Reuters
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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 ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Planning Commission, India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
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