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Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warned prices were easing, partly due to high inventories at European power utilities.
Exxaro posted a 41% increase in revenue to 46.4 billion rand ($2.53 billion). It realised an average coal price of $251 per tonne last year, up from $96 in 2021, due to a price surge after the European Union banned coal imports from Russia following its invasion of Ukraine in February 2022.
However prices, which started coming off in the final quarter of 2022 due to the European inventories amid milder winter temperatures in October and November, have continued to decline in the new year, Exxaro’s finance director Riaan Koppeschaar told Reuters.
“We should expect a bit of a discount on the API4 side because of the weakness in the Atlantic basin. If you look at the forecasts, it’s somewhere between $120 and $140 per tonne,” Koppeschaar said. API4 is the benchmark price reference for South African coal exports.
Like its peers, Exxaro has been trucking some of its coal to ports due to rail capacity problems at South Africa’s state-owned Transnet.
Transnet is struggling to haul minerals to port due to the shortage of locomotives and spares as well as cable theft and vandalism of its infrastructure, forcing exporters to resort to rail.
But coal volumes moved by trucks, an expensive alternative to rail, are declining due to weaker prices, Koppeschaar said.
“There is very little coal being shipped from the trucking route in Richards Bay, so it’s clear there’s already a material chunk (of coal) that’s not economical,” he said.
Exxaro exported 5.2 million tonnes in 2022, down from 7.6 million tonnes the previous year due to the rail capacity problems.
The miner reported a 28% jump in headline earnings per share to 60.16 rand ($3.27) in the year ended Dec. 31, compared with 46.83 rand previously, but declared a lower dividend, citing lower income from its iron ore investment as well as uncertainty over rail performance.
It declared a final dividend of 11.36 rand per share, compared with 11.75 rand last year.
Source: Reuters
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
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Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
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