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Friday, 22 July 22
YANCOAL AUSTRALIA CUTS 2022 COAL OUTPUT VIEW AS FLOODS, COVID BITE - REUTERS
Coal miner Yancoal Australia Ltd YAL.AX cut its 2022 output forecast on Wednesday, signalling a hit from higher-than-expected rainfall, COVID-19-led labour shortages and cost pressures.
This month, torrential rain has pounded New South Wales (NSW) state, where several of Yancoal’s key projects are, forcing thousands of people to evacuate and leaving mining operations in limbo.
It comes at a time when inflation around the world is surging in the aftermath of the Russia-Ukraine crisis and as the company said it needs to revise a longwall mining sequence at its Moolarben project in NSW to preserve an Aboriginal heritage site.
Yancoal, which is subject to a potential takeover by China’s Yankuang Energy 600188.SS, 1171.HK, said it now expects 31-33 million tonnes (Mt) of attributable saleable coal production for the full year, down from an earlier forecast of 35-38 Mt.
It produced 15.5 Mt of attributable saleable coal in the first half, 11% lower than a year earlier.
Still, Yancoal and its peers stand to benefit from supercharged prices of coal due to sanctions on Russia after its invasion of Ukraine and as buyers in Europe look for alternate sources of the commodity.
The company said its average realised price in the first half was $314 per tonne, more than thrice the $94 per tonne it booked a year earlier. Peer Whitehaven Coal WHC.AX on Monday forecast record core earnings for the coming year.
Source: Reuters
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Wednesday, 21 June 23
CHINA'S MAY COAL IMPORTS FROM AUSTRALIA RECOVER TO PRE-BAN LEVELS - REUTERS
Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against an uncertain macroecono ...
Monday, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a re ...
Monday, 19 June 23
CHINA COAL OUTPUT UP 4.2 PCT IN MAY - XINHUA
China’s raw coal output posted steady growth in May, official data showed.
The country produced 390 million tonnes of raw coal ...
Wednesday, 24 May 23
AMMONIA-FUELLED BULK CARRIERS WITHIN FIVE YEARS - BALTIC EXCHANGE
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia.
A study ...
Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensu ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
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- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Parliament of New Zealand
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- PTC India Limited - India
- Eastern Coal Council - USA
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- Electricity Authority, New Zealand
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- Samtan Co., Ltd - South Korea
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- Intertek Mineral Services - Indonesia
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- Eastern Energy - Thailand
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- Heidelberg Cement - Germany
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- Salva Resources Pvt Ltd - India
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- Ministry of Transport, Egypt
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- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
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- Independent Power Producers Association of India
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- IEA Clean Coal Centre - UK
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- AsiaOL BioFuels Corp., Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- White Energy Company Limited
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- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
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- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
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- Banpu Public Company Limited - Thailand
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- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
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