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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, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
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- Essar Steel Hazira Ltd - India
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- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
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- Ministry of Transport, Egypt
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- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
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- PetroVietnam Power Coal Import and Supply Company
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- Coal and Oil Company - UAE
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- MS Steel International - UAE
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- IHS Mccloskey Coal Group - USA
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- Central Electricity Authority - India
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- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
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- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
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- Deloitte Consulting - India
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- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
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- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
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- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
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- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
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- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
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- Jaiprakash Power Ventures ltd
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- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
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- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
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- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
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- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Pendopo Energi Batubara - Indonesia
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- Commonwealth Bank - Australia
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- Vizag Seaport Private Limited - India
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- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
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