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Wednesday, 14 April 21
INDIA HAS A RECORD LEVEL OF STOCKPILED COAL DAMPENING NEED FOR NEW DOMESTIC MINES - IEEFA
 Proposed coal mining expansions at odds with excess supply
India has stockpiled a record 132 million tonnes of coal – enough to run India’s power plants for two months – greatly exceeding the average of the previous five years, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA).
The note by analyst and guest contributor Charles Worringham says that while power plants have reduced their stocks from record peaks at the start of the year, an even greater quantity has built up at coal mine pitheads managed by Coal India and SCCL, reaching 103 million tonnes.
“As coal quality degrades with prolonged storage and has a heightened risk of spontaneous combustion, operators and the community would be very keen to see the reduction of these stocks being given priority over new coal production,” says Worringham.
“The record-level coal stockpiles should be able to meet any continuation of the current electricity demand surge even if domestic coal production, which dipped this financial year, remains static into the near future.
“In fact, these large stockpiles are likely to put downward pressure on domestic coal production growth.
“While this could be seen as an opportunity to rethink the nation’s coal requirements in the near and longer term, Coal India remains intent on expanding production at the same time as new commercial mining blocks are on offer.”
A second tranche of coal block auctions representing some 67 potential new mines was recently announced. This is despite India experiencing lower-than-expected coal use, in part due to the effect of the pandemic.
“Our analysis shows coal stockpiles are growing disproportionately relative to thermal power generation,” says Worringham.
“And the financial year just ending, FY21, also saw Coal India claim success in their drive to substitute imported coal with domestic production.
“If stockpiles can continue to build up in a year when, despite the pandemic, total electricity generation was stable, coal production slipped, and some imports were substituted, it does not augur well for massive production increases.
“This situation puts both Coal India’s billion tonne production plans for FY24 and the expansion of commercial domestic coal mining increasingly at odds with the reality of flat demand and a record quantity of stockpiled coal.”
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Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
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- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- PTC India Limited - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- White Energy Company Limited
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
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