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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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Friday, 10 July 20
GLOBAL SHIPPING EARNINGS FORECAST CUT AS SUPPLY SET TO OUTSTRIP DEMAND - MOODY'S
EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020 ...
Friday, 10 July 20
SLOW RECOVERY IN TANKER RATES TO WEIGH ON BUANA LINTAS LAUTAN - FITCH RATINGS
Fitch Ratings believes that international tanker rates are likely improve after their sharp fall since May 2020, albeit at a slow pace. The weaknes ...
Wednesday, 08 July 20
MARKET INSIGHT - INTERMODAL
During the previous month, the dry bulk market witnessed an impressive increase in the BDI index that has reached 1800 points from 500 with a clear ...
Tuesday, 07 July 20
COAL INDIA WORKERS STRIKE CUTS OUTPUT BY 56%: OFFICIAL - REUTERS
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a ...
Tuesday, 07 July 20
WHAT DOES THE PATHWAY TO A NET-ZERO ECONOMY LOOK LIKE FOR MINERS? - WOOD MACKENZIE
Wind, solar, electric vehicles, stationary storage and transmission are all central to achieving the Paris Agreement decarbonisation goals.
&nb ...
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- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
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- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
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- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- The University of Queensland
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
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