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Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
 Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a drop in demand for electricity, Deputy Minister of State Assets Artur Sobon said on Friday.
Poland generates most of its electricity from burning coal, which has become costly due to rising prices of carbon emission permits. The industry has also struggled with falling demand for coal, which accelerated during the COVID-19 lockdown because the country used less power.
“The situation in coal mining is not easy … We have a fall in electricity production and a fall in production of electricity from coal. We should expect that this is a sustained trend,” Sobon said during a discussion panel on energy transformation during the European Economic Congress in Katowice, the heart of Poland’s coal region.
He said data provided by power stations showed that next year demand for coal would likely shrink by around 7 million tonnes.
Speaking at the same panel, Tomasz Rogala, chief executive at Poland’s biggest coal producer, state-run PGG, said the group had to adjust its output to the demand from Polish utilities, as it would not find new markets for its products.
PGG produces around 30 million tonnes of coal a year, but its output is expected to drop this year due to falling demand and the COVID-19 pandemic.
The company’s management prepared a restructuring plan, which assumed the closure of two of its coal mines, but the proposal was rejected by the trade unions in July. Since then, the government, PGG and unions have been working on a new restructuring scheme.
“The biggest challenge today is to design this change in such a way that it is as acceptable as possible,” Rogala said, adding that figures reflecting the market trends could not be ignored.
Source: Reuters (Reporting by Agnieszka Barteczko; Editing by Mark Potter)
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Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...
Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...
Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fi ...
Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
Following the recent rally to multi year highs of metal-based commodities, amid an unprecedented global economic stimulus, discussions of an emergi ...
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- Bayan Resources Tbk. - Indonesia
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- Petron Corporation, Philippines
- Commonwealth Bank - Australia
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- Economic Council, Georgia
- IEA Clean Coal Centre - UK
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- Africa Commodities Group - South Africa
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- CIMB Investment Bank - Malaysia
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- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
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- Indo Tambangraya Megah - Indonesia
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- Star Paper Mills Limited - India
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- Coal and Oil Company - UAE
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- Planning Commission, India
- European Bulk Services B.V. - Netherlands
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- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
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- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
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- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
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- Kalimantan Lumbung Energi - Indonesia
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- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
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- Baramulti Group, Indonesia
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- Independent Power Producers Association of India
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- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
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- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
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- Intertek Mineral Services - Indonesia
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- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
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- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
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- Eastern Coal Council - USA
- Energy Development Corp, Philippines
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- Toyota Tsusho Corporation, Japan
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- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
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- Australian Coal Association
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
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