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Thursday, 27 February 20
FOREIGN COMPANIES LIKELY TO SKIP COMMERCIAL COAL BLOCK AUCTIONS - ECONOMIC TIMES
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector. However, given the tremendous pressure, foreign companies are facing from financial institutions and environmental pressure groups, their participation in the commercial coal mining in India is doubtful.
Commercial coal block auctions are likely to receive a lukewarm response from foreign players as big companies are losing interest in a sector which has been widely seen as polluting and avoided by top banks and financial investors, experts said.
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector.
Mining major Rio Tinto sold off its last coal assets in Queensland, Australia in 2018, while BHP recently said it would exit coal if presented with opportunities. The company operates mines in Australia and Colombia.
Anglo American, a large British mining company, has decided to reduce coal production over the next two years. Australia’s largest miner Glencore said in a statement that it aims to limit coal output capacity broadly to current levels. Murray Energy Corporation (MEC), America’s largest underground coal mining company, has filed for bankruptcy.Partha Bhattacharyya, former chairman, Coal India, said large miners are facing pressure to quit coal and be more environment-friendly.
“Given the tremendous pressure they are facing from financial institutions and environmental pressure groups, their participation in the commercial coal mining in India is doubtful. Their investors would not want them to invest in new coal assets,” he said.
A senior Coal India executive said the company is finding it difficult to find bankers to assess foreign assets as they are shying away from the sector. “Early last year when Coal India invited global tenders, merchant bankers like Goldman Sachs and Merrill Lynch had already exited the dry fuel segment.”
Players like ANZ, BNP Paribas, JP Morgan joined this list later during the year,” the executive said.
Bhattacharyya said foreign companies would also find it difficult to find bankers they need for due diligence of blocks they may bid for.
An industry executive said the fall in storage cost of renewable energy puts a cloud on the future of thermal coal. “All these may indicate that fresh thermal coal based power generation may also be unviable in the near future, prompting foreign players to stay away.”
By the end of 2019, some 112 global financial institutions holding more than $10 billion worth of assets under management had already exited coal. Global insurers divested roughly $8.9 trillion of coal-based investments. Most of them now refuse to insure new coal mines and power plants.
Source: The Economic Times
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Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
Tuesday, 03 March 20
COAL'S SHARE OF CHINA ENERGY MIX FALLS IN 2019 BUT CONSUMPTION STILL RISING - REUTERS
Coal accounted for 57.7% of China’s primary energy consumption in 2019, the National Bureau of Statistics said on Friday, down 1.5 percentage ...
Monday, 02 March 20
SHIPOWNERS AND OPERATORS COULD FACE DETENTION OF SHIPS FROM 1ST MARCH UNDER IMO RULE - ICS
Port state control authorities will begin to enforce the IMO’s Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that ...
Saturday, 29 February 20
SUPRAMAX SENTIMENT WAS UP IN A FEW KEY AREAS OVER THE LAST WEEK - BALTIC BRIEFING
Capesize
The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The wider supply and d ...
Wednesday, 26 February 20
SHIPPING MARKET INSIGHT - INTERMODAL
Coming from one of its busiest periods historically, with a list of scrubber and BWMS retrofits on a waiting list, the ship repair sector is witnes ...
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Showing 1101 to 1105 news of total 6871 |
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- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
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