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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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Tuesday, 18 December 18
TOBA BARA ACQUIRES SHARES OF PT BATU HITAM PERKASA
PT Toba Bara Sejahtra Tbk, through its subsidiary PT Toba Bara Energi (“TBE”), has acquired shares ...
Monday, 17 December 18
SUPRAMAX THERE WAS STRONGER DEMAND FROM SOUTHEAST ASIA, WITH MORE COAL BEING SHIPPED - BALTIC BRIEFING
Capesize
A positive end to last week after a somewhat uncertain start as some gains made were eroded. Rates recovered later for West Australia/ ...
Monday, 17 December 18
SOUTH KOREA STATE-OWNED UTILITY KOREA EAST-WEST POWER CO. LTD ISSUED A TENDER FOR MAX 3.220 MILLION TONS OF 4200 TO 5900 NAR COAL
COALspot.com: South Korea state-owned utility Korea East-West Power Co. Ltd (EWP) issued a tender for max 3,220,000 Metric Tons of coal to be loade ...
Saturday, 15 December 18
COMING CHANGES IN MARINE FUEL SULFUR LIMITS WILL AFFECT GLOBAL OIL MARKETS - EIA
International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operat ...
Friday, 14 December 18
KOSPO INVITED BIDS FOR 320,000 MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,300 kcal/kg NCV coal per ...
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- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- GMR Energy Limited - India
- The University of Queensland
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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