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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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Wednesday, 26 February 20
AS ALL OF THE GLOBAL COAL GIANTS EXIT SOUTH AFRICA, ESKOM TO DEPEND ON TWO MINERS FOR 70% OF ITS SUPPLY - BUSINESS INSIDER
While some of its politicians continue to imagine that coal has a future in South Africa, two key developments from the real world show that securi ...
Tuesday, 25 February 20
DELTA DUNIA MAKMUR REGISTERED A NET PROFIT OF US$20 MILLION FOR FY 2019
PT Delta Dunia Makmur, one of the largest coal mining company in Indonesia, has recorded an US$882 million revenue for FY 2019, 1% lower compared t ...
Tuesday, 25 February 20
SHIPPING UPDATE - ALLIED
The positive feeling and optimism for a fresh rally during the first few months of 2020 that prevailed in the tanker markets during the final quart ...
Monday, 24 February 20
COULD SOME VLSFO FUELS BE BANNED? - GIBSON
The run up to the implementation of the new IMO rules on marine fuels from1st January 2020 had owners and charterers analysing the vari ...
Monday, 24 February 20
CHINA SAYS MAJOR COAL FIRMS RESTORE 95% OF PRODUCTION CAPACITY - REUTERS
China’s coal companies controlled by the central government have resumed operations and are back at more than 95% of their capacity, an offic ...
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Showing 1106 to 1110 news of total 6871 |
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- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Australian Coal Association
- VISA Power Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- CNBM International Corporation - China
- MS Steel International - UAE
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
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