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Thursday, 08 December 22
COAL ROYALTY PAYMENTS BOOST AUSTRALIAN STATE'S BUDGET FORECAST - REUTERS
Australia’s Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments from coal producers on the back of a sharp rise in global energy prices due to Russia’s war in Ukraine.
Coal and petroleum royalty revenue has been revised up by A$5.82 billion ($3.90 billion) for the financial year ending June next year, state Treasurer Cameron Dick said in a budget update.
“Coal royalties are worth fighting for. Queenslanders deserve their fair share and they will receive it,” Dick said.
Queensland, home to coal mines owned by majors BHP Group Ltd, Glencore PLC, Anglo American PLC and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit.
A record surplus of A$5.2 billion is now forecast for the state for 2022-23.
The budget update comes ahead of a meeting of federal and state leaders called by Prime Minister Anthony Albanese on Friday to discuss enforcing price caps on gas and coal to contain soaring power prices.
Albanese has said his government is considering price caps, but some resource-heavy states have pushed back as it could hit the revenue they make from royalty payments. Queensland has said it would seek compensation from the federal government for any revenue loss.
Federal Treasurer Jim Chalmers said his government will engage with the states on all matters including compensation but any potential financial support will not be a “blank cheque”.
“We’ve got a trillion dollars in debt, we’ve got deficits as far as the eye can see … so we need to be responsible about it but we also need to be reasonable about it and that’s what we’re doing,” Chalmers told ABC Radio.
Source: Reuters
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Australian Coal Association
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- The University of Queensland
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
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