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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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Wednesday, 27 January 21
MARKET INSIGHT - INTERMODAL
As we have entered the era off renewable energies, all industries globally give max effort to minimize their carbon footprint and consequently thei ...
Monday, 25 January 21
ULTRAMAX YET ANOTHER POSITIVE WEEK FOR THE SECTOR, WHICH SAW INCREASED DEMAND ACROSS ALL BASINS - BALTIC BRIEFING
Capesize
The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down ...
Monday, 25 January 21
NEW LAW IN CALIFORNIA, USA, AFFECTING SHIPOWNERS' LIABILITY FOR OIL POLLUTION - BIMCO
Members are advised that amendments to the so-called Lempert-Keene-Seastrand Oil Spill Prevention and Response Act of 1990 in the State of Californ ...
Monday, 25 January 21
COAL INDIA SAYS GEARED UP TO MEET SURGE IN FUEL DEMAND FROM POWER SECTOR - PTI
State-owned Coal India Ltd on Saturday said that it is well geared to meet any surge in demand for coal from the power sector.
The s ...
Sunday, 24 January 21
GOVT ASSURES COAL INDIA OF 'FULL SUPPORT', STRESSES ON LEARNING 'NEW THINGS' - PTI
Coal Minister Pralhad Joshi assured Coal India of full government support, even as he said the PSU needs to learn “new things” for impr ...
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- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
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