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Monday, 09 July 18
RISING COAL PRICES LIFTING AUSTRALIA'S EXPORT REVENUES BUT INVESTORS STAYING AWAY - NEWCASTLE HERALD
 Newcastle coal prices have risen more than 40 per cent in a year to be at their highest levels for seven years but the industry is becoming increasingly isolated as traditional sources of investment funds dry up.
One of the important indicators of the global coal market, the McCloskey spot price index for Newcastle thermal coal bound for Japanese power stations, has risen from $US101.60 a tonne ($135.40) a year ago to $US115.50 ($156) during the last two weeks of June.
A year ago, the McCloskey index was $US79.95 ($105), meaning the index has risen almost 45 per cent in a year.
Analysts say the higher prices indicate restrictions in supply. In the years before sentiment turned against coal, mining companies would have reacted to an increase in demand by opening new mines or expanding existing ones to lift production.
But with big banks increasingly unwilling to lend on coal projects, analysts say the industry will have to find non-traditional sources of finance, such as private equity. They say the lack of finance also means prices for thermal coal, and for coking coal used in steelmaking, are unlikely to fall back to the low levels that saw thermal coal bottom out at less than $US50 ($68) a tonne in the first half of 2016.
A new commodities report this week by the National Australia Bank predicted an average thermal coal price this year of $US98 ($132.50) this year, up 12 per cent on last year. The price rises mean coal is likely to top iron ore as Australia’s biggest export earner this year.
Despite the available profits in the sector – Newcastle exporter Whitehaven’s share price has gone from $4.10 in March to $5.89 this week – institutional investors are increasingly staying away.
Chinese-backed Yancoal – which is listed on the stock exchange – wants a dual listing in Hong Kong, which chairman Baocai Zhang says will help “diversify Yancoal’s investor base”.
As an example of investor reluctance, the Australian Financial Review reported this week that the $67-billion UniSuper fund had added its name to the list of funds that would no longer buy coal shares.
Source: Newcastle Herald
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Friday, 29 June 18
THE LBH GROUP AND RHENUS PLAN TO ESTABLISH A JOINT COMPANY
Press Release: The port services provider, the LBH Group, and the logistics specialist Rhenus, are planning to cooperate closely in the European in ...
Friday, 29 June 18
SUPRAMAX: INDO / CHINA COAL ROUNDS PAYING AROUND USD HIGH 11000 - FEARNLYS
Capesize
Its been an interesting week with a strong demand for ships out of Brazil, making C3 rates remain around USD 19 pmt said Fearnlys in i ...
Friday, 29 June 18
JAPAN'S TOHOKU ELEC, GLENCORE ABANDON APRIL-MARCH COAL CONTRACT TALKS - REUTERS
Japan’s Tohoku Electric Power Co Inc and Glencore Plc have abandoned talks on annual thermal coal supplies after failing to reach an agreemen ...
Wednesday, 27 June 18
SHIPPING MARKET INSIGHT - APOSTOLOS ROMPOPOULOS
After the abolishment of the trade embargo against Iran, there was a lot of optimism from the country’s side, as after quite some time a numb ...
Tuesday, 26 June 18
"ALWAYS ACCESSIBLE": ARRIVAL, DEPARTURE OR BOTH? - INCE & CO
KNOWLEDGE TO ELEVATE
An “always accessible” berth warranty is often used by an owner to transfer the risk of delays in berthing to ...
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Showing 1686 to 1690 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- The University of Queensland
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
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