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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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Sunday, 13 July 14
PANAMAX INDEX GAINS SLIGHTLY THIS WEEK; CAPE INDEX FALLS ALMOST 21.40%
COALspot.com: This week the freight market fell again after gaining last week. The cape index was down almost 21.40 pct and closed at 1465 points.
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Friday, 11 July 14
EUROPE HAS A SUBSTANTIAL SURPLUS IN COAL SUPPLIES; RENEWABLE ENERGIES ARE REDUCING THE FULL-LOAD OPERATING HOURS OF HARD COAL-FIRED POWER PLANTS - VDKI
COALspot.com: General conditions for coal-fired power plants must be improved if the energy turnaround is to be a success, said German coal importe ...
Friday, 11 July 14
DR.CIESLIK RE-ELECTED AS CEO OF GERMAN COAL IMPORTER ASSOCIATION (VDKI)
Press Release : Dr Cieslik re-elected as CEO of German Coal Importer Association (VDKi) for the period 2014 – 2018. The German Coal Importer ...
Friday, 11 July 14
PORT OF NEWCASTLE SHIPPED $ 1.031 BILLION WORTH OF 11.744 MILLION TONS OF COAL IN JUNE 2014
COALspot.com: Port of Newcastle has shipped 11,744,396 tons of coal for the month ended 30 June 2014. According to Port’s monthly report, YTD ...
Friday, 11 July 14
UNITED STATE'S MONTHLY COAL OUTPUT FALLS 5.53% IN JUNE
COALspot.com – United States the world's second largest coal producer, produced approximately 18.1 million short tons (mmst) of coal in a ...
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- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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