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Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
 Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president and chief executive officer (CEO) of the company, said Indian imports of coal rose a sharp 21 per cent in February, “nearly offsetting reduced demand from China” He made the comments in an earnings call with analysts as reproduced in Seeking Alpha last week. His comments show that despite attempts by the Indian government to push production of domestic coal, global miners see no cause for worry.
“Through March, Indian imports were up 6 million tonnes compared to the prior year, as utilities rebuild stockpiles and domestic production fails to keep pace with demand,” Kellow added.
The ministry of coal has not yet released data on the total imports by India for 2017-18. But, according to a reply to a question in Parliament, the total import of both coking coal, used by the steel industry, and of non-coking coal, used by other sectors like power plants, has come down 6.37 per cent as of March 31, 2107. Peabody’s upbeat note indicates the trend is likely to be reversed.
The US firm had filed for bankruptcy protection in April 2016, but the revival of the global market for minerals, including coal, has turned it around. US Energy Secretary Rick Perry on a recent tour of India had remarked that he was pleased about coal imports that had begun from the US to India. India and other Asian countries are also importing other energy fuels, including oil and gas, from the US. Perry said some of those imports would cut the adverse US trade deficit with countries like India, which had a surplus of $22 billion in balance of payments with the US.
Global miners like Peabody have also benefited by locking themselves into fixed price agreements for selling coal to India among other countries. This will help the companies to buffer themselves against a dip in coal prices that could upset their balance sheets. In the same call Kellow said, “Peabody has secured additional fixed price agreements to capitalise on strong thermal processing levels. We now have approximately 5.5 million tonnes locked in for 2018 at an average price of $76 per short tonne and some 2 million tonnes committed to 2019 at an average price of $75 dollars per short tonne.”
This means Indian importers of coal from the mining company, mostly port-based power plants and steel companies, will not be able to negotiate a softer price for the fuel even if local producer Coal India produces more and plans to reduce the price of its output. Peabody’s woes had come about because of a sharp drop in coal prices that had left it with an unserviceable debt pile of $10.1 billion.
However, in the earnings call, the company made no mention of plans to invest in Indian coal mines. Reversing a 44-year-old policy of keeping coal mines under the government, the ministry has opened new mines for investment by commercial miners.
Indian demand for coal is on course to compensate for the dip in demand from China. Data from the coal ministry shows, growth in supply of coal to the power sector was 7.2 per cent in 2017-18. “As estimated by the ministry of power, the pan-India growth of coal-based generation would be 5.4-5.7 per cent in the current year and the next four years,” the ministry has told Parliament.
Source: Business Standard
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Tuesday, 05 June 18
SOUTH KOREA'S SULPHUR CAP ALTERS ASIAN COAL MARKET DYNAMICS: RUSSELL
South Korea’s imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia’s markets for the pollutin ...
Tuesday, 05 June 18
THINGS STILL LOOK TO BE PROMISING FOR THE DRY BULK MARKET OVER THE NEXT COUPLE OF MONTHS - GEORGE LAZARIDIS
Just as we thought the world was calming back down to reason, worries and frictions regarding global trade resurfaced this past week after a series ...
Tuesday, 05 June 18
INDONESIAN COAL PRICE REFERENCE IS GOING UP AGAIN
COALspot.com: According to latest ministerial decree No. 1857 K/30/MEM/2018 dated 4 June 2018, the Indonesian Coal Price Reference (HBA) up 7.91 pe ...
Saturday, 02 June 18
HOW CARBON UTILISATION WILL BE A KEY STEP IN INDIA'S CLIMATE STRATEGY - BENJAMIN SPORTON
For India, energy remains the key driver of growth, not only from an economic perspective but more importantly for accelerating social development. ...
Thursday, 31 May 18
SUPRAMAX: INDO/CHINA COAL RV IS GETTING FIXED AROUND $13K DELIVERY SINGAPORE - FEARNLEYS
Capesize
The Cape market has been on a downward trend for the past week.
According to Fearnleys, Oslo based broker, Brazil market ...
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Showing 1706 to 1710 news of total 6871 |
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- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- VISA Power Limited - India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
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