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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, 03 January 19
CAPESIZE: A MORE POSITIVE START OF THE NEW YEAR THAN EXPECTED FOR THE BIG SHIPS - FEARNLEYS
Capesize
A more positive start of the new year than expected for the big ships, with average gains of US$ 500/day posted on the first tra ...
Tuesday, 01 January 19
INDONESIA: COAL PRODUCTION EXPECTED TO EXCEED THIS YEAR'S TARGET - JP
Indonesian coal production reached 456 million tons up to Thursday or 94.02 percent of this year’s total target of 485 million tons, accordin ...
Monday, 31 December 18
THE INDONESIAN COAL MARKET Q1 '19 FORECAST: LOOKS DIRECTIONLESS - TRADER
The Indonesian coal market looks directionless, an International coal trader said when we asked him to give his forecast for 1Q' 2019.
...
Monday, 31 December 18
GLOBAL COAL DEMAND GREW BY 1% IN 2017; GLOBAL COAL POWER GENERATION INCREASED BY OVER 250 TWH - IEA
After two years of decline, global coal demand grew by 1% in 2017 to 7585 Mt as stronger global economic growth increased both industrial output an ...
Sunday, 30 December 18
MAJOR LNG BUYERS' UNCONTRACTED DEMAND TO QUADRUPLE BY 2030 - WOOD MACKENZIE
Wood Mackenzie’s latest research reveals that uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80 million ...
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- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Planning Commission, India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- White Energy Company Limited
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
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