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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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Saturday, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
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- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Ministry of Finance - Indonesia
- The University of Queensland
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Minerals Council of Australia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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