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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, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
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- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Wilmar Investment Holdings
- MS Steel International - UAE
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
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