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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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Tuesday, 27 October 20
PLN STILL REFUSING TO ADAPT, A MOVE WHICH WILL HURT INVESTORS, CONSUMERS, AND THE GOVERNMENT PURSE - IEEFA
Utility’s latest planning report locks PLN into the past
PLN would be better served restructuring its business to address the current en ...
Monday, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...
Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
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- Xindia Steels Limited - India
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- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
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- The University of Queensland
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- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
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- Indian Oil Corporation Limited
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- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
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- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
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- Bhushan Steel Limited - India
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- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
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- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
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- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
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