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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, 29 May 20
DRY BULK SHIPPING: NO QUICK RECOVERY FOR THE DRY BULK MARKET AS COVID-19 DIGS DEEPER
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to wo ...
Thursday, 28 May 20
COVID-19: A FORCE MAJEURE EVENT? - KYPRIANOU
KNOWLEDGE TO ELEVATE
While seeing the unexpected COVID-19 outbreak expanding worldwide and the first cases being identified in Cyprus, the com ...
Thursday, 28 May 20
OIL DEMAND RECOVERED BY 20% IN MAY AGAINST APRIL: RUSSIAN ENERGY MINISTER - TASS
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said, cited by the ...
Thursday, 28 May 20
MARKET INSIGHT - INTERMODAL
Earlier in May, China’s top leaders convened for the annual National People's Congress, following over two months of delays due to the co ...
Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
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- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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