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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Planning Commission, India
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
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