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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, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE
Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...
Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade
World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...
Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the plann ...
Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
Capesize
It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for Chi ...
Wednesday, 09 January 19
SHIPPING MARKET INSIGHT - INERMODAL
Paraphrasing the words of a Chief economist in a latest report of the World Bank Group, the current state of the shipping market very much resemble ...
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- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Mercator Lines Limited - India
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