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Friday, 29 May 20
AUSTRALIA'S NEW HOPE WARNS OF HIT FROM COAL PRICE SLUMP - REUTERS
 Australia’s New Hope Corp Ltd said on Thursday that a sudden drop in thermal coal prices and lower output from its Queensland operations would hurt its financial performance in the second half of the year.
“As a result of reduced electricity demand across most global markets, thermal coal demand and price has declined sharply since the beginning of April 2020,” the coal miner said in a quarterly update.
The coronavirus outbreak had affected all markets and coal types, destroying global power demand more rapidly and on a greater scale than seen during the global financial crisis of 2008, it added.
High levels of Indian coal stocks, the uncertain pace of Japan’s recovery and low coal imports from Europe were all posing negatives for the thermal coal market, the miner said.
However, offering some relief, New Hope said a pick-up in Chinese industrial activity and power consumption, along with firm demand from Vietnam, Taiwan and Korea had supported a recovery in prices in recent weeks.
Meanwhile, the company said it was currently searching for a new chief executive, after industry veteran Shane Stephan recently announced his retirement effective on August 31.
New Hope also said it had been informed by the Australian high court that special leave applications had been submitted by Wiggins Island Coal Export Terminal (WICET) and liquidators regarding debts owed by its two units, Northern Energy Corporation and Colton Coal.
Both units are currently under liquidation. If the applications and the appeal are successful, the company could be exposed to a liability of about A$155 million ($102.55 million), New Hope said, adding that it would continue to deny the claims.
A court last year found that New Hope was not required to fulfil its units’ debts, as claimed by Wiggins Island Coal Export Terminal (WICET) and the liquidators .
Source: Reuters (Reporting by Rashmi Ashok in Bengaluru; Editing by Simon Cameron-Moore)
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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