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Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
IEEFA LOGOCould South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
 
A short-term plunge in export demand was always on the cards, given the lockdowns in key coal-consuming markets such as India, Pakistan, Europe and South Korea. And, in the longer term, South Africa’s thermal coal export industry has for some time been facing the reality of permanent decline, according to the Institute for Energy Economics and Financial Analysis.
 
But now there is speculation that the coal industry may, more quickly than anyone anticipated, become one of the casualties of a post-pandemic new world order.
 
What has a virus got to do with the consumption of coal? According to a report published this week by the BBC’s Chief Environment Correspondent, Justin Rowlatt, keeping much of the world’s population at home has led to an unprecedented fall in energy demand, including demand for electricity.
 
This has, in turn, revealed the underlying vulnerability of coal — the fuel that powered the creation of the modern world.
 
“Like a tide withdrawing, the crisis has exposed just how fragile the financial foundations of this dirtiest of all fossil fuels have become,” Rowlatt says. “Some industry observers are even saying that coal may never recover from the pandemic.” [Mike Simpson]


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Wednesday, 29 July 20
2019 U.S. COAL PRODUCTION FALLS TO ITS LOWEST LEVEL SINCE 1978 - EIA
In 2019, U.S. coal production totaled 706 million short tons (MMst), a 7% decrease from the 756 MMst mined in 2018. Last year’s production wa ...


Wednesday, 29 July 20
MARKET INSIGHT - INTERMODAL
The dry bulk sector is beginning to recover from reduced SnP activity recorded in the first quarter of 2020. The table below illustrates that appro ...


Tuesday, 28 July 20
DEUTSCHE BANK TO END GLOBAL BUSINESS ACTIVITIES IN COAL MINING BY 2025 - REUTERS
Deutsche Bank, in a revamp of its policies for fossil fuels, said on Monday that it would end business activities worldwide related to coal mining ...


Monday, 27 July 20
IEEFA ENERGY FINANCE CONFERENCE 2020: COAL, LNG, PETROCHEMICAL SECTORS FACE POOR OUTLOOK AND UPHILL BATTLE FOR INVESTORS
Fossil fuel industries were becoming less financially attractive even before the global coronavirus pandemic   Three major fossil fuel ...


Friday, 24 July 20
IPA: THERMAL COAL IMPORTS AT MAJOR PORTS DECLINE 35 PC TO 17.71 MT IN APR TO JUNE - ECONOMIC TIMES
These ports had handled 27.13 MT of thermal coal and 14.95 MT of coking coal in the April-June period of the previous financial year   ...


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