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Tuesday, 07 January 20
BHP EYES INDIA FOR COAL GROWTH AS CHINA DEMAND FLATLINES - SYDNEY MORNING HERALD
Australia’s largest miner, BHP, believes the long-term trajectory of the emerging economy of India and the acceleration of its steelmaking output could help offset the flattening demand from China feared in the 2020s.
China’s immense appetite for the steelmaking commodities iron ore and coal – Australia’s two top exports – helped deliver a windfall to the leading miners in 2019 as well as a timely boost to the Morrison government’s federal budget. But the latest industry and government modelling projects Chinese demand to ease in the face of lower margins, a weakening in global growth and the continuing US-China trade war.
Australian exporters of metallurgical coal – the coal used to make steel – are increasingly looking to the rapid growth of India’s steel sector to help to fill the looming demand gap and cushion the blow.
“A lot of other markets are big but mature,” BHP vice-president of market analysis Huw McKay said. “India is big but it’s barely got started.”
Coal exports were expected to feature on the agenda of Prime Minister Scott Morrison’s planned visit to India this month, but the trip was cancelled last week due to the national bushfire disaster. In its December resources report, the federal government said India was expected to become the “key source” of import growth for metallurgical coal, “offsetting a gradual easing in demand from China”.
According to projections from BHP, Indian steelmaking is on course to grow by 7 per cent a year over the 2020s.
With yearly output of more than 100 million tonnes of steel, India recently surpassed Japan to become the world’s second-biggest steelmaking country.
Dr McKay said BHP’s modelling had found China – which accounts for roughly half of global steel demand – was now in a “plateau” phase, while demand in other top steel markets Japan and South Korea was also subdued.
“The mature markets are sort of settling a little bit and India is coming up, filling a gap that would have emerged,” he told The Age and Sydney Morning Herald.
Although India has substantial reserves of iron ore, Indian steelmakers import the bulk of their metallurgical coal due to scarce domestic production. India’s government is forecasting its metallurgical coal demand to more than double in 10 years as the country plans to increase its crude steel production to 300 million tonnes by 2030.
“We don’t think they will get all the way there but they will get most of the way there,” Dr McKay said. “It’s a big, big lift.”
While forecasts of India’s long-term economic trajectory are promising, growth in the past year has been much slower than many had predicted. Observers had anticipated the nation’s economic growth would be strengthened by the re-election of Prime Minister Narendra Modi who demonstrated in his first term a focus on modernising the economy including through a clampdown on corruption, a simplification of the country’s arcane tax system, the introduction of a goods and services tax and making India a serious destination for foreign investment.
“It hasn’t really gone that way,” Dr McKay said. “They won the general election, but the economy is not purring along, it is stuttering.
India’s economy slowed for the sixth quarter in a row in the July-September quarter, with GDP growth dipping to a six-year low of 4.5 per cent.
Source: Sydney Morning Herald
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Monday, 30 December 19
AUSTRALIAN MINERS HIT BY LOWEST THERMAL COAL PRICE IN MORE THAN A DECADE - THE GUARDIAN
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about i ...
Monday, 30 December 19
INDIA'S COAL IMPORTS RISE 4% TO 161.43 MT IN APRIL-NOVEMBER 2019 - PTI
The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing f ...
Sunday, 29 December 19
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Sunday, 29 December 19
IMO 2020 COMPLIANCE: IT'S UP TO US TO BE GOOD CITIZENS - IBIA
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a ...
Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
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Showing 1216 to 1220 news of total 6871 |
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- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Planning Commission, India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- The University of Queensland
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
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