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Sunday, 21 February 21
ANZ DIVESTING FROM THE WORLD’S LARGEST COAL EXPORT PORT IS 'PRAGMATISM' - IEEFA
The biggest buyers of Australian thermal coal have committed to net-zero emissions
ANZ, Australia’s third largest bank, has decided to stop lending to the Port of Newcastle, the world’s largest thermal coal export terminal, under its new climate change policy to cut funding to the coal sector, including the associated infrastructure and service providers.
To look at the background to the bank’s divestment, Barometer’s Des Lawrence spoke with IEEFA’s Tim Buckley, Director of Energy Finance, Australia/South Asia.
Buckley says ANZ made an “entirely pragmatic decision” due to concerns that the port’s legal constraint, imposed by the NSW Premier, prevents it from diversifying – such that the port will become a stranded asset as the world rapidly moves away from thermal coal. A point that was made abundantly clear when the biggest buyers of Australian thermal coal, Japan, China and South Korea, committed to net-zero emissions last year.
“ANZ has a fiduciary duty to manage the risk-adjusted returns for all of its shareholders. It has to make sure that it is not financing stranded assets and left holding the can when ultimately the business it is financing is unable to deliver the returns it promised, pay the interest it committed to paying and most importantly, take back the capital involved,” he says.
“This is harsh, but all about a long-term capital management strategy.”
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Saturday, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
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- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- White Energy Company Limited
- GMR Energy Limited - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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