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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, 14 December 20
PHILIPPINE BANK RCBC TO STOP LENDING FOR NEW COAL-FIRED POWER PROJECTS - MANILA BULLETIN
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power ...
Sunday, 13 December 20
LONGSTANDING DOWNSIDE RISKS TO TRADE OUTLOOK - BALTIC EXCHANGE
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week.
The ...
Sunday, 13 December 20
INDONESIA COAL OUTPUT AT 514 MILLION TONNES THIS YEAR, 2021 TARGET UNCHANGED - REUTERS
Indonesia coal output in the period to Dec. 10 stood at 514.2 million tonnes, official data from the energy ministry’s website showed.
&n ...
Thursday, 10 December 20
MALAYSIA'S CIMB ANNOUNCES COAL FINANCING PHASE-OUT BY 2040 AS ASIA'S FOSSIL FUEL DIVESTMENT DRIVE ACCELERATES - IEEFA
The first emerging markets bank to announce a progressive coal exit policy
Malaysia’s CIMB Group Holdings (CIMB) has announced ...
Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a ...
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- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- The University of Queensland
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- PTC India Limited - India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Planning Commission, India
- Economic Council, Georgia
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