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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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Wednesday, 30 May 18
HIGH PRICE, DMO ENCOURAGE COAL MINERS TO BOOST PRODUCTION - THE JAKARTA POST
A number of coal miners are planning to increase production by 10 percent in the second half of this year after a worldwide price increase.
Th ...
Wednesday, 30 May 18
SHIPPING MARKET INSIGHT - ILIAS M. LALAOUNIS
Among several hot topics that will be discussed during the Posidonia week, the International Maritime Organization regulation that will be enforced ...
Tuesday, 29 May 18
BLOCKCHAIN CAN HAVE A TRANSFORMATIVE EFFECT ON THE SHIPPING INDUSTRY
KNOWLEDGE TO ELEVATE
Following the launch of a legal briefing on blockchain contracts from UK P&I Club, Claims Executive, Filip Koscieleck ...
Tuesday, 29 May 18
INDIA'S COAL IMPORT DECLINES IN APRIL AMID DIVERSION TO THERMAL POWER PLANTS - PTI
India’s coal import fell by 9 percent to 17.32 million tonnes (MT) in April on the back of ample supply of dry fuel from domestic sources.
...
Monday, 28 May 18
COAL SUPPLY DIVERSION IRKS INDUSTRIES DEPENDENT ON CAPTIVE POWER PLANTS - HINDU BUSINESS LINE
The government’s move to prioritise coal supplies to power plants with minimal coal stock has disrupted fuel supply to some sectors, which ha ...
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Showing 1711 to 1715 news of total 6871 |
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- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- The University of Queensland
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
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