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Friday, 05 June 20
COAL INDIA ESTIMATES PRODUCTION GROWTH BY OVERBURDEN REMOVAL - FINANCIAL EXPRESS
 PSU miner Coal India (CIL) has now limited mining only to Overburden Removal (OBR) with falling demand of coal. The mining behemoth is now keeping seams exposed removing the top soil so that coal can be extracted as soon as the demand picks up.
OBR is an integral part of coal mining and the first stage in the process. Through exposed seams it can be easily estimated how much of coal has actually been mined, a CIL official told FE.
CIL has already been flushed with pit head stock and reserves at the power plants are at an all time high. As of April 1, this year, pit head stocks are 75 million tonne (MT) while reserves at power plants are 50 MT, maintaining over 30 days stock above the required level of 22 days as mandated by the Central Electricity Authority. So, extracting further coal from the mines and creating a huge stock pile would endanger the mines with chances of catching fire.
So, CIL for now is only exposing seams keeping coal ready for extraction as soon as the demand picks up. The company has also started reporting growth in terms of OB removal. CIL has kept a target of producing 710 mt for FY 21, which is huge jump from the 602 mt it has achieved this fiscal. CIL fell short of target by 58 mt during FY20 but in FY21 it wants to remain on target, for which it has concentrated on speedy OB removal, a CIL official said.
OB removal grew 10.4% during May, against OB removed during April this year, while production of coal and off take grew by 2.6% and 2.3%, respectively on a month-to-month basis. The miner as a whole produced 41.43 mt of coal in May compared to 40.38 mt in April.
Amid a crippled demand, coal sales expanded 0.9 mt during May in terms of volume. Offtake was up at 39.95 mt during May as compared to 39 mt in April.
Non-power sector, which always starved of coal showed an impressive growth of 37.3% in off take during May with supplies in absolute terms at 9.76 mt. These are positive signs of CIL ramping up production, a CIL official said, adding though demand for coal was yet to pick up.
Source: Financial Express
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Sunday, 07 June 20
A SCRUBBER FITTED 61,000 ULTRAMAX WAS FIXED DELIVERY PHILIPPINES TRIP VIA SOUTH AFRICA REDELIVERY VIETNAM AT $9,500 - BALTIC BRIEFING
Capesize
The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3369 from the ...
Saturday, 06 June 20
KOREA SOUTH-EAST POWER CO INVITED COAL BIDS FOR MIN 5600 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 270,000 Tons (MT) min. 5600 NCV co ...
Friday, 05 June 20
U.S. SANCTIONS COMPLIANCE GUIDANCE RELEASED FOR THE GLOBAL MARITIME, ENERGY AND METALS SECTORS - AKIN GUMP
Key Points
On May 14, 2020, OFAC, the Department of State and the U.S. Coast Guard jointly released guidance for persons involved in the ma ...
Friday, 05 June 20
IN THE FIRST 5 MONTHS OF 2020 AUSTRALIA SHIPPED 6.8 MLN TONNES TO VIETNAM - BANCHERO COSTA
In the first 5 months of 2020, global seaborne coal trade declined by as much as -8% year-on-year, according to vessel tracking data from Ref ...
Thursday, 04 June 20
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 ...
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- GMR Energy Limited - India
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Australian Coal Association
- Bhatia International Limited - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- The University of Queensland
- Ministry of Transport, Egypt
- PTC India Limited - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Planning Commission, India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
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