COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 18 April 22
FINNISH 'LOOPHOLES' ALLOW IMPORTS OF RUSSIAN COAL AND OIL TO CONTINUE - EURONEWS
Activists in Finland are calling for the government to clamp down faster on state-owned companies that continue to import raw materials from Russia, saying it only benefits the Russian government and oligarchs, and helps fund the war in Ukraine.
 
New sanctions to ban Russian coal imports will have a four-month grace period to terminate contracts. But campaigners and politicians across Europe have highlighted that continued trade goes against the spirit of sanctions and provides the Russian government with a stable revenue stream.
 
“Kramatorsk, today,” wrote Ukrainian MP Inna Sovsun on Twitter next to a picture of a blood-soaked child’s toy, following a Russian attack that killed more than 50 people on Friday.
 
“EU paid yet another €1 billion to Russia since this happened,” said Sovsun. “Every day. €1 billion sent to those monsters who kill, rape, and torture Ukrainians.”
 
Russian freight imports
Of particular concern to Greenpeace Suomi are transit shipments of coal on three routes through Finland to Finnish ports for onward international export. Two of those routes are operated by Finland’s state-owned railway company VR, while the third is operated by Estonia’s state-owned railway company AS Operail.
 
While VR said in March it had stopped passenger and freight service between Finland and Russia, this transit ‘loophole’ continues to generate income for the company, giving the mine owners in Siberia an easy route to the west for their products, and activists want it to stop immediately.
 
“People are being killed. And we are funding it,” says Matti Liimatainen from Greenpeace Suomi.
 
VR initially told Euronews that there were “ongoing” discussions about how to “suspend the eastern traffic entirely” but that they were waiting on sanctions to give them “the firmest grounds” to do so.
 
However, within 24 hours the position had changed and they now say they aim to shut down freight transport from Russia “as quickly as possible” but concede the process will still take “several months.”
 
VR says it will comply with all new sanctions, although it’s not clear whether transit shipments for onward export would still be allowed under the specifics of the sanctions, which target member states which purchase any kind of Russian coal or related derivatives.
 
The company says “if the EU and therefore Finland will specifically sanction for example coal import/export then we will follow those guidelines and timetables.”
 
Tracking the coal from Siberian mines to Finnish ports
Greenpeace Suomi has been tracking the origins of the coal shipments that come from Russia to Finland.
 
In an extensive briefing paper, the NGO follows the coal from mines operated by a company called Sibanthracite in Novosibirsk to the Finnish west coast ports of Hanko and Pori almost 4,000km away — and it’s a tangled web.
 
Sibanthracite is owned by an oligarch called Albert Avdolyan, an EU national with a Maltese ‘golden passport’ whose companies have run joint fossil fuel ventures with Russia’s state-owned arms company Rostec.
 
Previously, Sibanthracite was owned by another oligarch called Dimitri Bosov who was a close associate of Vladimir Putin but was found dead from a gunshot wound at his Moscow home in May 2020.
 
According to data provided by railway operator VR to Euronews, the company usually handles around 12.3 million tonnes of freight between Finland and Russia every year, and this figure has halved since the Russian invasion of Ukraine.
 
Activists don’t see why the number can’t drop to zero, given the scale of Russian atrocities in Ukraine.
 
“I would say that this transporting of coal through Finland is a completely unnecessary business which doesn’t have anything to do with the warming of our households, that’s an inaccurate excuse,” says Liimatainen.
 
“Then you take this business of transporting coal through Finland the only guys who benefit from this are the Russian oligarchs and the state-owned railway companies in Finland and Estonia, they don’t even make any good money out of it. It’s a horribly unnecessary business,” he tells Euronews.
 
Finnish government response
Within the Finnish government, Tytti Tuppurainen is the minister with overall responsibility for state-owned enterprises like railway company VR, oil refining company Neste, national airline Finnair and even Alko the chain of stores which sell stronger alcohol not available in supermarkets.
 
She told Euronews that Finland is committed to the sanctions that the EU has imposed against Russia so far, and believes that nothing should be off the table when it comes to further sanctions.
 
“Halting freight transport, including coal transport, is an operational decision, which is up to the VR management, in line with the principles of good governance. However, I am sure that the company will closely listen to the views of the state owner,” Tuppurainen said, before VR announced it would stop Russian coal shipments several months from now.
 
Railway operator VR isn’t the only Finnish company that campaigners find problematic.
 
In early April activists tried to stop coal from being unloaded at a dock in the Finnish capital which had sailed from a Russian port bound for Helsinki’s city-owned power company Helen.
 
That company announced in March it would stop importing coal from Russia to use at its power station in Helsinki — but now says that it’s honouring contracts already in place, with this unlikely to be the final shipment.
 
It’s a similar situation with oil refining company Neste, also majority-owned by the Finnish state. In early March the company said it had “mostly” replaced Russian crude oil with oil from elsewhere, but by the beginning of April, it admitted it was still bringing in shipments of Russian oil.
 
“I think that even now most people don’t know our state companies are involved in this kind of business,” says Greenpeace Suomi’s Matti Liimatainen.
 
“The reaction I’ve seen on social media is now about how shocked people are that it takes so long and the processes are so slow to stop it, and we hope the Finnish government can speed things up, they could do it basically any day.”
Source: Euronews


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and ...


Tuesday, 26 April 22
INDIA'S COAL IMPORTS ARE SHIFTING, THERMAL MORE THAN COKING - REUTERS
India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring ...


Monday, 18 April 22
GERMAN COAL IMPORTERS EXPECT A BRIEF SPIKE IN PRICES ON EU BAN - REUTERS
A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the c ...


Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday. ...


Monday, 18 April 22
DEMAND FOR THERMAL COAL TO RISE DUE TO INCREASE IN ELECTRICITY DEMAND: INDIAN COAL MINISTRY - PTI
Coal block allocatees have a golden opportunity to augment production as the demand for thermal coal will rise due to an increase in electricity de ...


   64 65 66 67 68   
Showing 326 to 330 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Maersk Broker
  • Xstrata Coal
  • Intertek Mineral Services - Indonesia
  • CNBM International Corporation - China
  • Enel Italy
  • White Energy Company Limited
  • Thermax Limited - India
  • Geoservices-GeoAssay Lab
  • Alfred C Toepfer International GmbH - Germany
  • Coeclerici Indonesia
  • Indogreen Group - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Jindal Steel & Power Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Metalloyd Limited - United Kingdom
  • Samtan Co., Ltd - South Korea
  • Asia Cement - Taiwan
  • TeaM Sual Corporation - Philippines
  • Timah Investasi Mineral - Indoneisa
  • Madhucon Powers Ltd - India
  • Renaissance Capital - South Africa
  • Adani Power Ltd - India
  • Shree Cement - India
  • AsiaOL BioFuels Corp., Philippines
  • South Luzon Thermal Energy Corporation
  • The State Trading Corporation of India Ltd
  • European Bulk Services B.V. - Netherlands
  • PNOC Exploration Corporation - Philippines
  • Coal Orbis AG
  • Goldman Sachs - Singapore
  • Wood Mackenzie - Singapore
  • Energy Link Ltd, New Zealand
  • Chamber of Mines of South Africa
  • Barasentosa Lestari - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Orica Australia Pty. Ltd.
  • TANGEDCO India
  • GAC Shipping (India) Pvt Ltd
  • Kobexindo Tractors - Indoneisa
  • Meenaskhi Energy Private Limited - India
  • Coal and Oil Company - UAE
  • Britmindo - Indonesia
  • Attock Cement Pakistan Limited
  • GHCL Limited - India
  • HSBC - Hong Kong
  • Indika Energy - Indonesia
  • KOWEPO - South Korea
  • Kobe Steel Ltd - Japan
  • Cigading International Bulk Terminal - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Riau Bara Harum - Indonesia
  • NALCO India
  • Chettinad Cement Corporation Ltd - India
  • Grasim Industreis Ltd - India
  • GVK Power & Infra Limited - India
  • The Treasury - Australian Government
  • Lafarge - France
  • Thomson Reuters GRC
  • Bayan Resources Tbk. - Indonesia
  • Semirara Mining Corp, Philippines
  • San Jose City I Power Corp, Philippines
  • BNP Paribas - Singapore
  • Gresik Semen - Indonesia
  • Lanco Infratech Ltd - India
  • Arutmin Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Bank of America
  • Baramulti Group, Indonesia
  • GMR Energy Limited - India
  • Central Java Power - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Thiess Contractors Indonesia
  • Idemitsu - Japan
  • NTPC Limited - India
  • Mitsui
  • Deloitte Consulting - India
  • SRK Consulting
  • Indonesia Power. PT
  • Vizag Seaport Private Limited - India
  • Runge Indonesia
  • World Bank
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Electricity Authority, New Zealand
  • IBC Asia (S) Pte Ltd
  • CIMB Investment Bank - Malaysia
  • Edison Trading Spa - Italy
  • Samsung - South Korea
  • Indo Tambangraya Megah - Indonesia
  • Planning Commission, India
  • Semirara Mining and Power Corporation, Philippines
  • Mjunction Services Limited - India
  • Indonesian Coal Mining Association
  • Electricity Generating Authority of Thailand
  • Borneo Indobara - Indonesia
  • Surastha Cement
  • Thriveni
  • Directorate General of MIneral and Coal - Indonesia
  • APGENCO India
  • TRAFIGURA, South Korea
  • London Commodity Brokers - England
  • Ambuja Cements Ltd - India
  • SMG Consultants - Indonesia
  • Price Waterhouse Coopers - Russia
  • Vale Mozambique
  • WorleyParsons
  • SASOL - South Africa
  • Mintek Dendrill Indonesia
  • Bharathi Cement Corporation - India
  • Thailand Anthracite
  • SUEK AG - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Carbofer General Trading SA - India
  • Panama Canal Authority
  • PetroVietnam
  • Commonwealth Bank - Australia
  • UOB Asia (HK) Ltd
  • Adaro Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Maruti Cements - India
  • Australian Commodity Traders Exchange
  • Moodys - Singapore
  • Maybank - Singapore
  • Heidelberg Cement - Germany
  • Sakthi Sugars Limited - India
  • Africa Commodities Group - South Africa
  • Bhatia International Limited - India
  • Kideco Jaya Agung - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Sucofindo - Indonesia
  • Binh Thuan Hamico - Vietnam
  • U S Energy Resources
  • Latin American Coal - Colombia
  • Infraline Energy - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Mechel - Russia
  • Deutsche Bank - India
  • Eastern Coal Council - USA
  • Peabody Energy - USA
  • Petron Corporation, Philippines
  • Minerals Council of Australia
  • Indorama - Singapore
  • Sindya Power Generating Company Private Ltd
  • Qatrana Cement - Jordan
  • International Coal Ventures Pvt Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Cebu Energy, Philippines
  • UBS Singapore
  • LBH Netherlands Bv - Netherlands
  • Therma Luzon, Inc, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • OCBC - Singapore
  • Savvy Resources Ltd - HongKong
  • Marubeni Corporation - India
  • Japan Coal Energy Center
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Formosa Plastics Group - Taiwan
  • Bukit Makmur.PT - Indonesia
  • Sical Logistics Limited - India
  • Cardiff University - UK
  • Kumho Petrochemical, South Korea
  • Cargill India Pvt Ltd
  • Videocon Industries ltd - India
  • Credit Suisse - India
  • Global Business Power Corporation, Philippines
  • PTC India Limited - India
  • ETA - Dubai
  • Siam City Cement - Thailand
  • Coaltrans Conferences
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • KEPCO - South Korea
  • Australian Coal Association
  • Karaikal Port Pvt Ltd - India
  • Leighton Contractors Pty Ltd - Australia
  • Jaiprakash Power Ventures ltd
  • IOL Indonesia
  • Tanito Harum - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Cemex - Philippines
  • Toyota Tsusho Corporation, Japan
  • Rashtriya Ispat Nigam Limited - India
  • VISA Power Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Jatenergy - Australia
  • CESC Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Thai Mozambique Logistica
  • Economic Council, Georgia
  • Meralco Power Generation, Philippines
  • Inco-Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Cement Manufacturers Association - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • RBS Sempra - UK
  • Coastal Gujarat Power Limited - India
  • Indian Energy Exchange, India
  • Cosco
  • Inspectorate - India
  • Bhushan Steel Limited - India
  • SGS (Thailand) Limited
  • ICICI Bank Limited - India
  • Ind-Barath Power Infra Limited - India
  • Essar Steel Hazira Ltd - India
  • CCIC - Indonesia
  • Barclays Capital - USA
  • Ministry of Mines - Canada
  • Larsen & Toubro Limited - India
  • TGV SRAAC LIMITED, India
  • MEC Coal - Indonesia
  • Bank of China, Malaysia
  • Gujarat Mineral Development Corp Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • World Coal - UK
  • Petrosea - Indonesia
  • Independent Power Producers Association of India
  • The India Cements Ltd
  • Coal India Limited
  • Gupta Coal India Ltd
  • Tamil Nadu electricity Board
  • EIA - United States
  • KPCL - India
  • Siam City Cement PLC, Thailand
  • Shenhua Group - China
  • Altura Mining Limited, Indonesia
  • Rio Tinto Coal - Australia
  • Anglo American - United Kingdom
  • Uttam Galva Steels Limited - India
  • Indian School of Mines
  • TNPL - India
  • Global Coal Blending Company Limited - Australia
  • Ernst & Young Pvt. Ltd.
  • Kohat Cement Company Ltd. - Pakistan
  • Kalimantan Lumbung Energi - Indonesia
  • Malabar Cements Ltd - India
  • Oldendorff Carriers - Singapore
  • Aditya Birla Group - India
  • India Bulls Power Limited - India
  • Vedanta Resources Plc - India
  • Port Waratah Coal Services - Australia
  • Tata Chemicals Ltd - India
  • Gujarat Sidhee Cement - India
  • Total Coal South Africa
  • Vitol - Bahrain
  • IMC Shipping - Singapore
  • Manunggal Multi Energi - Indonesia
  • Reliance Power - India
  • Tata Power - India
  • MS Steel International - UAE
  • Pinang Coal Indonesia
  • McConnell Dowell - Australia
  • Malco - India
  • GNFC Limited - India
  • Sojitz Corporation - Japan
  • Asmin Koalindo Tuhup - Indonesia
  • Banpu Public Company Limited - Thailand
  • Billiton Holdings Pty Ltd - Australia
  • Iligan Light & Power Inc, Philippines
  • Bulk Trading Sa - Switzerland
  • EMO - The Netherlands
  • Mitra SK Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Core Mineral Indonesia
  • Berau Coal - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Power Finance Corporation Ltd., India
  • Arch Coal - USA
  • The University of Queensland
  • Georgia Ports Authority, United States
  • Ince & co LLP
  • Salva Resources Pvt Ltd - India
  • ASAPP Information Group - India
  • Central Electricity Authority - India
  • Posco Energy - South Korea
  • SN Aboitiz Power Inc, Philippines
  • ING Bank NV - Singapore
  • McKinsey & Co - India
  • Platts
  • J M Baxi & Co - India
  • Globalindo Alam Lestari - Indonesia
  • New Zealand Coal & Carbon
  • Romanian Commodities Exchange
  • GB Group - China
  • Glencore India Pvt. Ltd
  • Parry Sugars Refinery, India
  • Ministry of Finance - Indonesia
  • Standard Chartered Bank - UAE
  • Bukit Baiduri Energy - Indonesia
  • Trasteel International SA, Italy
  • Rudhra Energy - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Fearnleys - India
  • Dalmia Cement Bharat India
  • Platou - Singapore
  • CoalTek, United States
  • PetroVietnam Power Coal Import and Supply Company
  • Ministry of Transport, Egypt
  • Mitsubishi Corporation
  • Aboitiz Power Corporation - Philippines
  • Russian Coal LLC
  • Singapore Mercantile Exchange
  • Xindia Steels Limited - India
  • BRS Brokers - Singapore
  • ACC Limited - India
  • Argus Media - Singapore
  • Interocean Group of Companies - India
  • JPMorgan - India
  • IEA Clean Coal Centre - UK
  • PowerSource Philippines DevCo
  • Agrawal Coal Company - India
  • Orica Mining Services - Indonesia
  • JPower - Japan
  • Asian Development Bank
  • Pipit Mutiara Jaya. PT, Indonesia
  • Indian Oil Corporation Limited
  • PLN - Indonesia
  • Bangladesh Power Developement Board
  • KPMG - USA
  • Makarim & Taira - Indonesia
  • bp singapore
  • Parliament of New Zealand
  • Karbindo Abesyapradhi - Indoneisa
  • Sree Jayajothi Cements Limited - India
  • Eastern Energy - Thailand
  • Freeport Indonesia
  • Coalindo Energy - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Energy Development Corp, Philippines
  • SMC Global Power, Philippines
  • Humpuss - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • PLN Batubara - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Antam Resourcindo - Indonesia
  • Noble Europe Ltd - UK
  • Kapuas Tunggal Persada - Indonesia
  • Merrill Lynch Bank
  • Star Paper Mills Limited - India
  • ANZ Bank - Australia
  • Wilmar Investment Holdings
  • Bhoruka Overseas - Indonesia
  • Clarksons - UK
  • Gujarat Electricity Regulatory Commission - India
  • DBS Bank - Singapore
  • Maheswari Brothers Coal Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Permata Bank - Indonesia
  • Merrill Lynch Commodities Europe
  • Simpson Spence & Young - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Mercuria Energy - Indonesia
  • globalCOAL - UK
  • Bangkok Bank PCL
  • Mercator Lines Limited - India
  • Medco Energi Mining Internasional