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Friday, 26 November 21
CHINA FINDS COMPLIANCE PROBLEMS IN COAL PRICE INDEX PROBE - REUTERS
China’s state planner on Wednesday said it had discovered some “noncompliant” behaviour among coal price index providers as it announced the preliminary results of a probe into the industry.
The National Development and Reform Commission (NDRC) had announced the probe a month ago, saying it wanted to standardise conduct in the energy index provider business as part of its crackdown on record-high coal prices that were a key contributor to widespread power shortages in China.
“Judging from the preliminary assessment and compliance review, some coal price index behaviour has non-compliance problems,” the NDRC said on Wednesday, adding that this had “misled the market and … caused the price increase to deviate from the fundamentals of supply and demand.”
It did not name any of the 12 companies it said had been probed or specify how some of them had been noncompliant.
Dozens of organisations provide coal pricing data in China and their assessments can be used by traders as a basis for physical transactions.
China’s thermal coal futures CZCcv1 hit a record high of 1,982 yuan ($310) a tonne on Oct. 19, which was more than five times higher than a year earlier. They have since more than halved to around 940 yuan as authorities signalled a willingness to intervene in pricing and ordered miners to boost output.
Thermal coal was trading up more than 5% by 1400 GMT in night trading on Wednesday and remains up around 80% year-to-date.
The NDRC said it would further verify the issues identified in its probe and take disciplinary measures such as publicly naming the companies found to be non-compliant.
Other possible measures include ordering rectifications by a certain date, suspending publication of an index and including companies on a list of “untrustworthy entities”, it said, adding that any illegal behaviour uncovered would be investigated in accordance with the law.
Source: Reuters
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Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- The Treasury - Australian Government
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- VISA Power Limited - India
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