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Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Canyon Coal’s executive chairperson, Vuslat Bayoglu speaking at the 14th Annual Southern African Coal Conference at the Westin Hotel yesterday.
Bayoglu was part of panel participating in a session for Southern African Coal Leaders Summit.
Presenting a slide showing the total coal consumption for 2017 among the biggest users he said China consumed 3 500 million tons followed by India using 1 000 million tons and the US and Europe using slightly less.
“There is a big demand for coal, we can’t really deny it. We all like renewables, we would like to have more renewables but the reality is that the world is using to coal to power the country,” said Bayoglu.
He added that there were 1 600 new coal plants in 62 countries around the world.
“If you look at this map, US, Europe, China, especially south east Asia and Africa, all over the world there are new coal plants being built. If you look at the coal mining industries in the world. Like RioTinto sold their coal mines and Anglo America sold their Eskom coal supplying mines, South32 is in the process of selling theirs.
"Who is going to supply their coal to the world? So it is a big question right, there are people here from different parts of the world who wants to buy coal. Do you think they want to buy coal from one company? Is it healthy? There is only one company here who is growing and we all know who that is (Exxaro, South Africa’s biggest coal producer),” he said.
Bayoglu said it is important to have a healthy supply and coal mining is not a bad industry and the world needs it.
“It is not all bad on the coal side, technology with carbon captive storage there are facilities all over the world accept Southern Africa and with more investment in carbon captive storage, the world can deal with co2 emissions,” he said.
Minister Gwede Mantashe, the Minister of Mineral Resources said during his keynote address earlier that mining is an important sector of the South African economy, contributing 7 percent to GDP and contributes 40 percent to the foreign earnings of the country.
“It means that it is actually one of the sectors that sustains our current account, otherwise if it was not for mining we would have a huge current account deficit in the economy and therefore it is my considered view that we can grow the economy but if we want to organise that there is a few things we could do,” said Mantashe.
He said the first thing is that the mining sector must take pride in itself as a contributor to the economy and secondly, the sector must turn the negative narrative against it.
SOURCE: JOSEPH BOOYSEN, BUSINESS REPORT
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Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
Wednesday, 20 March 19
COAL EXPORT FEARS RESURFACE AS RESTRICTIONS HIT MORE CHINESE PORTS AND AUSTRALIAN PRICES COP A 'BELTING' - ABC
Australian thermal coal exports to China are under increasing pressure, with indications import restrictions are spreading to other key ports.
...
Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...
Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.
Coal ...
Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize
Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...
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- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Parliament of New Zealand
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Thai Mozambique Logistica
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