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Monday, 25 August 14
COAL CEOS: DEMISE OF COAL 'EXAGGERATED' - MARK WILCOX
 By Mark Wilcox
Heads of some of the largest coal companies in Wyoming are saying the demise of coal has been exaggerated, though the industry definitely has some hills to climb.
At the Rocky Mountain Energy and Infrastructure Summit yesterday in Jackson, Gov. Matt Mead sat on a panel with bigwigs from some of the largest coal companies in the nation: Arch Coal, Cloud Peak Energy, Peabody Energy and Alpha Coal West to talk about the fate of the oft-controversial fossil fuel. In the next three years, about 60 gigawatts of coal-fired power plants are shutting down in the U.S., or about 20 percent of domestic capacity, according to John Eaves, CEO of Arch Coal.
“We do have some headwinds,” Eaves said. One of those headwinds is cheap and abundant natural gas, which also releases 50 percent less greenhouse gas emissions than coal according to American Gas Association Chairman Gregg Kantor. Eaves said coal has lost a lot of market share to natural gas as utilities switch to the abundant, cleaner fuel, but that hasn’t created hard feelings.
“We’re not against gas,” Eaves said. “We’re for all fuels, but we need a balanced portfolio.”
Still, Powder River Basin coal is more insular, and Eaves said natural gas prices would have to drop below $3 per mmbtu to really impact the PRB coal market. And that’s something he said he doesn’t foresee happening for a sustained period despite dramatic price drops below $2 in 2012 that forced budget cuts in state government.
Many lawmakers in the U.S. Environmental Protection Agency are proposing rules that continue to target coal, leading many to say the current administration is fighting a “war on coal.” Eaves said about 20 states, including Wyoming, are pushing back against the proposed rules.
“There is going to be a lot of litigation with these proposed rules,” Eaves said.
Gov. Matt Mead said that from a policy position, the rules are a horrible way to tackle the problem that ignores technological strides forward coal has made in terms of emissions and tries to artificially cull coal from the market.
“We didn’t change from the candle to the light bulb because someone said we're going to put a lot of regulations on candles,” Mead said.
He said government, instead of regulating coal out of the markets, should look to improve its use with innovations that turn the slipstream of coal from a liability to an asset. In the end, Mead said he thinks “good sense will prevail” when it comes to coal, and that the resource isn’t dead as many have proclaimed it.
Mead said in a brief interview that he had met with U.S. Secretary of Energy Ernest Moniz early Thursday morning to encourage more participation in coal solutions that don’t require regulating coal with strangleholds. According to Mead, the meeting went well.
This article was originally published in Wyoming Business Report
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Tuesday, 22 July 14
ASIAN SUB-BITUMINOUS COAL USERS' GROUP CONFERENCE
Press Release: Registration Open for Fourth Annual Asian Sub-Bituminous Coal Users’ Group Conference
Register today for this year&r ...
Monday, 21 July 14
25% OF INDIA'S POWER PLANTS WERE HAVING SUPER CRITICAL COAL STOCK - COAL AND POWER MINISTER
25% of India’s power plants were having super critical coal stock; power utilities have also been advised to enhance the import of coal - Coa ...
Monday, 21 July 14
INDONESIA'S STATE CONTROLLED COAL MINER BUKIT ASAM ENJOYED HIGHER SELLING PRICE DURING THIS STORMY MARKET
COALspot.com: PT Bukit Asam, the Indonesian government controlled coal miner announced today that, the company has produced 7.70 million tons of co ...
Monday, 21 July 14
CFR SOUTH CHINA COAL Q3 DELIVERY SWAPS LOST 16% SINCE JANUARY 17, 2014
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. Market is not showing any positive trend in near future.
...
Sunday, 20 July 14
THE FREIGHT MARKET CONTINUED ITS DOWNWARD TREND
COALspot.com: The market continued its downward trend this week as all segments were down compared to last week. The Cape and Panamax indices being ...
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- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
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