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Wednesday, 12 August 20
THE COAL MARKET IN ITALY - ASSOCARBONI
 Italy, which in 2019 reported a decrease in thermal coal imports, with a volume of 7,5 million tons (-32% compared to 11 million tons in 2018), while metallurgical coal and PCI imports were stable at 3 million tons said ASSOCARBONI in its latest report.
ASSOCARBONI further noted that, coal phase-out should be progressive over time and closely connected to structural operations in the replacement production capacities and in the transmission, distribution and energy storage systems, in order to not compromise the competitiveness and safety of the Italian Electric System.
Moreover, from an environmental point of view, in a world which will continue to produce electricity from coal, the mentioned Italian phase out by 2025 will not benefit the climate change reduction, as CO2 emissions due to Italian coal-fired plants account for 0.04% of the global CO2 emissions. Although Italian plants have a minimal impact on the level of global pollution, their closing will represent a further unnecessary burden on the Italian industrial system, which will exclusively benefit foreign gas producers, such as Gazprom, the largest Russian company, or Sonatrach, the Algerian state energy company, operating on the market under oligopoly conditions.
India and China, but also other Asian economies such as Japan, South Korea and Taiwan have based their national energy plans on coal and continue to plan coal-fired expansions using the best technologies available today.
In Europe, a country like Germany, that has always used very high percentages of coal to cover national energy needs, is preparing for coal phase out over a longer time than in Italy: in the next twenty years, only the older plants will gradually be closed, while the most efficient power plants will remain in operation and will be dismissed by 2038. However, this program will have a considerable cost, estimated in a 40 billion euros’ compensation for the loss of about 20 thousand jobs and promote the conversion of the plants.
The goal of the energy transition towards a zero-emission world by 2050 brings with it very high costs: it is estimated that the climate mitigation agreed in Paris in 2015 is worth 4.500 trillion dollars globally: the most expensive international agreement in history. In the European Union alone, it could carry an average annual cost of 1.4 trillion dollars.
In conclusion, we believe that the Italian electricity system should increase the share of renewables and we hope that the Country will be able to correctly deal with the gradual procedures for plants closure, as has already done in other European countries, which although aware of the need to face an energy transition still recognize as valid the reasons that led to the construction of coal power plants: security of supply, safety and cost effectiveness, guidelines that together with the environment constitute the foundations of energy policy.
ASSOCARBONI the Italian Association of coal operators is a non-profit organisation founded in 1897, which represents national and international companies engaged in solid fuels. Its head office is in Rome and it has representative offices in London and Brussels.
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Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
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- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
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