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Wednesday, 25 March 15
AUSTRALIA SET TO ONCE AGAIN BE THE WORLD'S LARGEST COAL EXPORTER - COAL, MINERALS COUNCIL OF AUSTRALIA
Greg Evans, Executive Director - Coal, Minerals Council of Australia
Media Release: The latest Resources and Energy Quarterly published by the Department of Industry confirms that coal has a bright future in Australia and is once again set to be the world’s largest coal exporter by 2017.
Data contained in the latest report emphatically refutes claims by industry detractors that coal is in decline. While lower prices will continue to present a challenge for the industry, longer term demand fundamentals remain strong.
The process of industrialization and urbanization in Asia underpins the positive outlook for Australian coal, with our metallurgical coal and thermal coal playing an integral role in meeting steel making demand and the provision of affordable and reliable base load energy.
Australian coal is in demand across a diversity of markets notably Japan, China, India, Taiwan and Korea while many fast growing ASEAN countries will increasingly look to Australia as a reliable supplier of thermal coal for their electricity generation requirements.
The Quarterly report notes:
Metallurgical Coal
- World trade of metallurgical coal is forecast to increase by 2.3 per cent to 316 million tonnes in 2015.
- While China’s imports of metallurgical coal declined by an estimated 16 per cent to 65 million tonnes in 2014, India’s imports of metallurgical coal increased by an estimated 18 per cent to 44 million tonnes in 2014.
- Further, China’s imports of metallurgical coal are forecast to increase by 6 per cent to 69 million tonnes in 2015, and India’s imports of metallurgical coal are projected to increase at an annual average rate of 2.7 per cent to 57 million tonnes in 2020.
- Both China and India are expected to strongly rely on imports to meet this demand as local production is higher cost and lower quality.
- Over the next few years, Australia’s metallurgical coal production is projected to increase at an average annual rate of 1.8 per cent to 208 million tonnes in 2019-20.
- Australia’s exports of metallurgical coal are forecast to increase by 5 per cent to 190 million tonnes in 2014-15.
Thermal Coal
- The large number of efficient and clean coal-fired power plants under construction indicates that coal will remain the cheapest, most reliable source of energy production in the world for many years to come.
- Australia’s thermal coal production is forecast to decline slightly to 243.5 million tonnes in 2014-15.
- However, Australia’s thermal coal production is expected to increase to 246.3 million tonnes in 2015-16.
- And, from 2016-17, growth in production is projected to accelerate as projects completed during 2015 and 2016 approach full capacity.
- The Report notes that despite challenging times, Australian coal producers are gaining a bigger share of the coal export market. Exports are forecast to increase by 3.3 per cent to 201 million tonnes in 2014-15, reflecting strong growth in exports in the second half of 2014.
- Over the remainder of the outlook period, Australia’s thermal coal exports are projected to increase at an average annual rate of 3 per cent to 234 million tonnes in 2019-20.
Coal will remain a major economic driver in Australia and a significant contributor to national income that helps underpin investment, jobs and growth in the mainstream economy and across our regions.
The coal industry will be a key part of the world’s electricity generation for many years to come and continue to provide benefits for millions of Australians through cheap and reliable energy generation.
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Monday, 16 March 15
API 5 FOB NEWCASTLE COAL SWAPS: DECLINED
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 2.48 per MT (-4.77%) month over month and US$ 0.93 (-1.84%) we ...
Monday, 16 March 15
CFR SOUTH CHINA THERMAL COAL SWAP DECLINED 3.74% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 2.17 (-3.74%) per MT month over month and US$ 0.67 (-1 ...
Sunday, 15 March 15
BDI DECLINED LESSER THAN 1% WEEK OVER WEEK; INDO-INDIA FIRM
COALspot.com: The most of indices, including bulk dry index were falling this week. The BDI has been down by just 0.53 points and closing at 562 po ...
Saturday, 14 March 15
CAPESIZE DRY BULKERS TO AVERAGE BETWEEN $3,000 AND $9,000/DAY IN THE COMING WEEKS SAYS BIMCO
BIMCO issued its latest short-term estimates for the dry bulk market. For March/May: BIMCO assesses that the Capesize time charter (T/C) average ra ...
Friday, 13 March 15
U.S. COAL PRODUCTION UP 2.3% WEEK OVER WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.5 million short tons (mmst) of coal ...
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- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- The University of Queensland
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
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