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Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
 Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in major Asian markets, according to the International Energy Agency’s latest market analysis and forecasts.
The weakness in coal demand this year results mainly from coal-fired electricity generation, which is set to experience its largest ever decline – over 250 terawatt hours (TWh), or more than 2.5%. This drop is led by double-digit falls in the United States and Europe, according to Coal 2019, which was released today and contains forecasts through 2024.
It is too soon to say whether the expected global decrease in coal power generation this year will be the start of a lasting trend. The IEA forecasts that renewable sources will supply a major portion of the increase in global electricity demand over the next five years. Electricity generation from coal will rise only marginally over that period, at less than 1% per year – and its share will decline from 38% in 2018 to 35% in 2024. This means coal remains by far the single largest source of power supply worldwide.
Ultimately, global trends will depend largely on China, where half of the world’s coal is produced and consumed.
In Europe and the United States, coal power generation is sinking to levels not seen in decades. Growth in solar PV and wind, low natural gas prices and stagnating electricity demand have created a perfect storm for coal in both regions, where coal plants retirements continue to take place. These trends will continue through 2024, although the speed of the declines is expected to slow unless coal comes under additional pressure from stronger climate policies or lower-than-expected natural gas prices.
“Wind and solar PV are growing rapidly in many parts of the world. With investment in new plants drying up, coal power capacity outside Asia is clearly declining and will continue to do so in the coming years,” said Keisuke Sadamori, the IEA’s Director of Energy Markets and Security, who is launching the report in Johannesburg today alongside Gwede Mantashe, South Africa’s Minister of Mineral and Energy Resources.
“But this is not the end of coal, since demand continues to expand in Asia,” Mr Sadamori added. “The region’s share of global coal power generation has climbed from just over 20% in 1990 to almost 80% in 2019, meaning coal’s fate is increasingly tied to decisions made in Asian capitals.”
The report highlights that countries in South and Southeast Asia – such as India, Indonesia and Vietnam – are relying on coal to fuel their economic growth. Natural gas and oil have traditionally been the main sources of power generation in Pakistan, but the country has commissioned 5 gigawatts (GW) of coal power capacity since 2017, and another 5 GW is set to come online in the next few years. In Bangladesh, where natural gas has long generated the bulk of electricity supply, coal will gain share in the coming years, with 10 GW of capacity in the pipeline.
“In 2019, global coal power generation will experience the biggest drop ever and coal power generation in India will probably decline for the first time in 45 years,” Mr Sadamori said. “The global picture, however, has not changed much. Coal is disappearing in many advanced economies, but it remains resilient and is even continuing to grow in developing Asia. The low coal power generation in India this year was due to unusually low growth in electricity demand and exceptionally high hydropower output. It is not at all clear that it will be repeated.”
The IEA forecast for global coal demand in this year’s report is very similar to those in previous years, but Coal 2019 warns that potential threats to the sector are increasing. Public opposition to coal is building, many countries are mulling stronger climate and environmental policies, and renewables and natural gas are becoming more and more competitive.
Source: IEA
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Thursday, 04 November 21
FASTER DECARBONISATION: BACK TO BASICS FOR THE MINING INDUSTRY? - WOOD MACKENZIE
To the uninitiated, rugby is a technical and complicated game. As young schoolboys it was all a wee bit confusing and we invariably ended up on the ...
Wednesday, 03 November 21
CHINA TO LAUNCH NEW DATA MONITORING SYSTEM, TARGETING COAL MARKET SPECULATION, HOARDING - GLOBAL TIMES
China’s top economic planner announced on Sunday a new data system for supervising the implementation of medium- and long-term contracts of c ...
Wednesday, 03 November 21
CHINA’S STATE PLANNER SAYS COAL SUPPLY IMPROVING, PRICES STABILISING - REUTERS
China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while ...
Wednesday, 03 November 21
HIGHER COKING COAL PRICES TO PARE PROFITABILITY OF STEELMAKERS IN SECOND HALF OF FY22 - CRISIL RATINGS
The operating margin of primary steelmakers will reduce by a third to 24-26% in the second half of this fiscal versus the first half as input cost ...
Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
November is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stati ...
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- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Planning Commission, India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
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