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Thursday, 30 June 22
INVESTMENT IN GLOBAL COAL SUPPLY CHAIN TO HIT $115 BN IN 2022, LED BY CHINA AND INDIA - BUSINESS LINE
At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022, says IEA.
The investment quantum globally on coal supply chains is expected to grow by 10 per cent year-on-year to around $115.5 billion in the current calendar year, with China and India accounting for a major share, International Energy Agency (IEA) has said.
“Around $105 billion was invested in the coal supply chain in 2021, an increase of 10 per cent year-on-year, and a further 10 per cent rise is expected in 2022 as tight supply continues to attract new projects. This is a long way from the market situation implied by international climate goals and the Glasgow commitment to phase down coal. This increase is being led by China and India, the dominant players in global coal markets,” IEA said in the World Energy Investment report 2022.
Coal shortages and power rationing in China in 2021 made energy security the main priority in near-term Chinese policy, and more than 350 million tonnes (MT) per year of new coal mining capacity was brought on stream in the second half of the year. India is also looking to increase domestic coal supply in the face of a squeeze in 2022 that increased the use of more expensive imported coal, it added.
“Given the unprecedented rise in coal prices in 2022, a key question is whether this will trigger a new wave of investment in the coal supply chain. Outside China and India, it is not clear that such an increase in investment will take place,” the annual report said.
The report explained that the global coal supply investment is expected to grow by another 10 per cent in 2022 as tight supply continues to attract new projects. “At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022,” it added.
IEA said that India, the world’s second-largest consumer and coal producer, is seeking to increase coal production as its energy needs grow and the government looks to decrease imports. This is particularly the case because a supply squeeze in 2022 increased the use of more expensive imported coal.
State-run monopoly Coal India, which accounts for over 80 per cent of the national output, has a target to reach 1,000 MTPA production in the coming years, while also investing in washing plants and rail corridors. Other players include public companies (SSLC and NLC), captive producers and mine developer-operators (MDOs) who are increasingly working for Coal India, the report pointed out.
Under the Indian government’s Coal Mines (Special Provisions) Act, merchant producers can sell coal at free-market prices outside CIL’s monopoly. The first auction for commercial mining blocks was awarded in November 2020, with 19 mines allocated, representing over 3 billion tonnes of coal reserves and a peak capacity of over 50 MTPA.
“A number of additional auction rounds have been launched since. There is uncertainty about how rapidly private producers can navigate the approval process and the pace of development of the production capacity, but current high coal prices are likely to provide a strong incentive,” IEA said.
Source: The Hindu Business Line
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Tuesday, 19 July 22
SEEING RED? - WOOD MACKENZIE
What a Republican mid-term victory could mean for US energy and climate policy
According to current polling the Republican Party has ...
Thursday, 14 July 22
INDIA'S COAL IMPORTS HIT RECORD HIGH IN JUNE - REUTERS
India's coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as ...
Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with ca ...
Wednesday, 13 July 22
KOWEPO TO IMPORT 2.79 MILLION TONS OF LOW TO MEDIUM COAL
COALspot.com: Korea Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total 1360k MT of Min.4400 kcal/kg NCV coal and Total 1 ...
Wednesday, 13 July 22
HAVE MINERS MISSED THE BOAT TO INVEST AND GET AHEAD OF THE ENERGY TRANSITION? - WOOD MACKENZIE
Miners are in rude health, benefiting from economic stimuli, the post-pandemic recovery and associated supply constraints. Initially the Ukraine wa ...
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- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
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- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
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- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
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- Global Business Power Corporation, Philippines
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- MS Steel International - UAE
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- Central Electricity Authority - India
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- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
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- Australian Coal Association
- Wood Mackenzie - Singapore
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- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
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- Indian Oil Corporation Limited
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- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
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- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
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- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
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- Semirara Mining and Power Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Goldman Sachs - Singapore
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- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
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- Mintek Dendrill Indonesia
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- Bhatia International Limited - India
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- Chamber of Mines of South Africa
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
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- Grasim Industreis Ltd - India
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- IEA Clean Coal Centre - UK
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- Rio Tinto Coal - Australia
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- New Zealand Coal & Carbon
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- Indonesian Coal Mining Association
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- Holcim Trading Pte Ltd - Singapore
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- Power Finance Corporation Ltd., India
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- Ambuja Cements Ltd - India
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- Indian Energy Exchange, India
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