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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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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- The University of Queensland
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
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