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Australia energy market operator turns Scrooge on coal lobby
Kamis, 12 Desember 2019 / 18:55 WIB
LAUNCESTON, Australia (Reuters) - Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of the polluting fuel dwindles and is rapidly replaced by renewable energy sources.
The Australian Energy Market...
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Credit Suisse to stop financing new coal-fired power plants
Rabu, 11 Desember 2019 / 17:20 WIB
ZURICH — Credit Suisse will stop financing the development of new coal-fired power plants, Switzerland’s second-biggest bank said, a week after environmental groups urged it to act.
“The bank has decided to no longer provide any form of financing specifically related to the...
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HSBC, StanChart Help Keep Coal Industry Alive, Says Greenpeace
Kamis, 05 Desember 2019 / 20:00 WIB
(Bloomberg) -- Four British banks have provided $31.8 billion of financing to coal companies in the past three years, even as they publicly moved away from doing business with some of the fossil-fuel industry, according to Greenpeace.
The environmental group said Barclays Plc, HSBC Holdings Plc,...
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3 S. Korean institutional investors declare end to coal exposure
Selasa, 03 Desember 2019 / 19:07 WIB
Three South Korean institutional investors on Dec. 3 declared an end to coal exposure in their portfolios.
This comes in line with the global push for responsible investment principles, such as environmental, social and governance criteria.
DB Insurance, the Korea Teachers’ Credit Union...
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Report: Global Coal-Fired Generation Down 3%
Selasa, 26 November 2019 / 19:30 WIB
A report from a UK-based online journal that covers climate and energy policy said that coal-fired power generation worldwide will fall by 3% this year, to about 54% of global electricity output.
The report from Carbon Brief, released Nov. 25, was written by researchers from climate research...
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Coal power set for record fall in 2019: analysis
Senin, 25 November 2019 / 19:00 WIB
Global coal-fired power, a key driver of climate change, is set to fall a record 3.0 percent this year, largely led by developed countries although much-criticised China and India play their part too, analysis showed Monday.
This "historic" drop would be equal to 300 Terawatt hours...
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Australia must stop burning coal by 2030: report
Jumat, 22 November 2019 / 20:03 WIB
SYDNEY, Nov. 22 (Xinhua) -- A new international report has warned that Australia must stop burning coal before the end of 2030, if it wants to meet its commitment to the Paris Agreement.
Agreeing to cap the rate of climate change at 1.5 degrees Celsius above pre-industrial levels, Climate...
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Bengkulu woos investors with 200 MW coal-fired power plant
Kamis, 21 November 2019 / 23:23 WIB
Bengkulu will soon complete a long-awaited 2×100 MW coal-fired power plant. A reliable electricity supply will accelerate the province’s economic development and attract investors.
The plant at Sepang Bay, which takes three years to build, will go into full operation in February of...
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Indonesia plans to keep $70/T coal price cap for PLN, DMO
Selasa, 19 November 2019 / 23:21 WIB
JAKARTA, Nov 19 (Reuters) - Indonesia’s energy minister Arifin Tasrif said on Tuesday his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT Perusahaan Listrik Negara (PLN) next year.
The government capped the price of coal sold to PLN at $70 per...
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US 2019 coal production expected to fall 7.4% on year: EIA
Rabu, 13 November 2019 / 18:46 WIB
Houston — The US Energy Information Administration said Wednesday that it expected the US to produce 697.9 million st of coal in 2019, raising its estimate from a month ago by 3.6%.
2019 production would be 7.4% lower than the 753.7 million st produced in 2018, while 2020 production is...
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Weak demand pressures low-CV Indonesian coal prices
Selasa, 12 November 2019 / 19:49 WIB
An early December loading geared Supramax GAR 4,200 kcal/kg cargo traded today at $33.85/t. This is below the latest Argus price assessment for this grade of coal at $34.33/t on 8 November and also below the $34.50-34.75/t range at which cross-month late November to early December-loading geared...
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China is Likely to Cap Annual Coal Imports at 300 Million Tons
Senin, 11 November 2019 / 19:58 WIB
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China will likely hold annual coal imports at between 200 million and 300 million tons, according to the president of a top industry body, suggesting that the pace of shipments so...
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Asian coal resumes slide as Chinese stocks hit 5-year high
Jumat, 08 November 2019 / 19:40 WIB
Asian coal prices declined 3% in the week through to Thursday as inventories for the world’s biggest coal consumer hit their highest level since 2014.
The Pacific basin’s reference price for high grade (6,000 kcal/kg) Australian coal exports to Asia last stood at USD 67.09/t, 33%...
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China coking coal rebounds on prospects of fresh import curbs
Selasa, 05 November 2019 / 19:01 WIB
MANILA, Nov 5 (Reuters) - Coking coal futures in China gained the most in four weeks on Tuesday amid market talks about fresh import curbs on the steelmaking raw material, following brisk purchases in recent months by the world’s biggest coal buyer and consumer.
Dalian Commodity...
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German Coal Consumption Continues To Crash
Senin, 04 November 2019 / 18:57 WIB
Lignite and bituminous coal produced 50 percent less energy than renewables in Germany during the first three quarters of 2019, a new report by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Association of Energy and Water Management (BDEW)...
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World’s Biggest Coal User Is Set to Boost Imports This Year
Jumat, 01 November 2019 / 19:05 WIB
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As the global campaign against coal gathers pace, the world’s biggest consumer is nevertheless set to boost imports this year.
China’s purchases of foreign coal in...
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South Korea's LNG imports to fall on new nuclear, coal plants
Kamis, 31 Oktober 2019 / 18:22 WIB
SEOUL (Reuters) - South Korea’s imports of liquefied natural gas (LNG) are set to fall over the next five years after reaching record volumes in 2018, squeezed by the start-up of new long-planned nuclear and coal power plants.
The decline comes despite the country’s efforts to move...
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Four in five EU coal plants unprofitable, according to Carbon Tracker
Senin, 28 Oktober 2019 / 18:58 WIB
Four in five EU coal power plants are unprofitable and utilities could lose €6.6 billion this year alone, finds a new report from financial think tank Carbon Tracker.
It warns investors and policymakers to prepare for a complete phase-out of coal by 2030, because without heavy subsidies the...
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Arch Coal reports 3Q19 results
Jumat, 25 Oktober 2019 / 20:13 WIB
The company had adjusted earnings before interest, taxes, depreciation, depletion, amortisation, accretion on asset retirement obligations, amortisation of sales contracts, and non-operating expenses of US$106.6 million in the third quarter of 2019, which includes a US$1.5 million non-cash...
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The Russians are coming for Asia and Europe's coal markets: Russell
Rabu, 23 Oktober 2019 / 18:07 WIB
LISBON, Oct 23 (Reuters) - Life is set to get even more difficult for major coal exporters with Russia planning to increase shipments of the fuel and the cost advantages appearing increasingly stacked in its favour.
Russia is already the third-largest supplier to the seaborne market, behind...
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Russian coking coal output up
Senin, 21 Oktober 2019 / 20:41 WIB
The country's major coking coal and steel producer Evraz lifted its coal output by 16pc to 19.2mn t, while Kolmar raised production by 46pc to nearly 6mn t. And anthracite producer Sibanthracite Group mined 18.1mn t of coal in the first three quarters, unchanged from a year earlier.
The...
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Peabody to close Illinois coal mine
Rabu, 16 Oktober 2019 / 21:03 WIB
The closure is expected to impact about 225 workers.
Employees were told at a compulsory meeting on Monday, local media reported.
The company would try to place employees at other Peabody operations in the Midwest, according to a letter to staff.
The underground Wildcat thermal coal mine...
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China's Sept coal imports slip 8.1% from previous month
Senin, 14 Oktober 2019 / 19:55 WIB
BEIJING, Oct 14 (Reuters) - China’s coal imports in September dropped 8.1% from a month earlier, as traders held up purchases amid an increase in domestic supply and slowing demand for the fuel from power generation companies.
Arrivals of coal, including thermal and coking coal, last month...
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Australian state water utility objects to South 32 coal mine extension
Jumat, 11 Oktober 2019 / 19:45 WIB
MELBOURNE (Reuters) - Australia’s New South Wales water authority has lodged a strong objection to a planned extension of the life of a coal mine operated by South 32 because of its predicted impact on water resources that support Sydney.
The Dendrobium metallurgical coal mine is part of...
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India imports more coking coal through state ports
Rabu, 09 Oktober 2019 / 18:48 WIB
Indian coking coal imports moving through 12 key state-controlled ports totalled 29.3mn t in the first six months of the 2019-20 fiscal year starting 1 April, an increase of 15pc from a year earlier despite weakness in the steel sector.
Coking coal imports are on track to slightly overtake total...
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US coal production forecast to decline 17% in Q4: EIA
Selasa, 08 Oktober 2019 / 18:52 WIB
Houston — The US Energy Information Administration is forecasting a 17% decline in fourth-quarter coal production from the year-ago period, according to the agency's monthly Short-Term Energy Outlook.
The report, issued Tuesday, forecasts total US coal production to sink to 159 million...
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Coal contracts in limbo
Jumat, 04 Oktober 2019 / 18:23 WIB
Only an inept government would allow the legal status of an industry that is vital to national power generation and contributes significantly to tax revenue to remain in limbo.But imbroglio is truly the biggest problem that seven major coal mining companies are now facing after deliberations on the...
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South Africa Wants Coal Price Cuts to Avert Economic Crash
Kamis, 03 Oktober 2019 / 18:51 WIB
South Africa is pushing coal producers to cut prices to help save Eskom Holdings SOC Ltd., the indebted power utility that threatens to unravel the country’s finances.
“At these prices of electricity, this economy is going to collapse,” Mineral and Energy Resources Minister...
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China aims to shut 8.7 GW of coal power by year-end - regulator
Senin, 30 September 2019 / 19:09 WIB
SHANGHAI (Reuters) - China will aim to shut a total of 8.66 gigawatts (GW) of obsolete coal-fired power capacity by the end of this year, its energy regulator said, part of its efforts to curb smog and greenhouse gas emissions.
The National Energy Administration didn’t say how much of the...
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Poland plans new coal mines despite EU's call for carbon neutrality
Rabu, 25 September 2019 / 19:52 WIB
JASTRZEBIE ZDROJ, Poland (Reuters) - Poland’s ruling Law and Justice (PiS) party plans to introduce legislation that will allow the government to open new coal mines without the approval of local authorities, its energy minister said on Wednesday.
PiS wants to build new mines as it expects...
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S Africa coal price must surge 20% to spur exports
Senin, 23 September 2019 / 19:33 WIB
South African thermal coal exports via the Richards Bay export hub will continue to languish at around 73m tonnes/year unless benchmark export prices rise at least 20% from current levels, the CEO of miner Canyon Coal said.
Shipments from Richards Bay Coal Terminal (RBCT) – which account...
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China’s Energy Game Plan Features a Giant Coal-Hauling Rail Line
Jumat, 20 September 2019 / 19:18 WIB
There’s nothing quite like a massive coal rail to demonstrate China’s loyalty to the dirtiest of fossil fuels.
Almost a decade in the making, the nearly $30 billion Haoji Railway will start around the end of this month and eventually haul as much as 200 million tons from key...
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Coal, a reliable and cheap energy source – Canyon Coal
Kamis, 19 September 2019 / 17:55 WIB
South Africa must turn its coal resource endowment into revenue, jobs and broader economic development, Canyon Coal Executive Chairperson Vuslat Bayoglu has said.
Speaking at a Coaltrans Southern Africa Conference in Sandton, Bayoglu said with 118 years of coal resources left, which translates...
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Falling prices pressure smaller US coking coal mines
Rabu, 18 September 2019 / 17:31 WIB
In July, US coking coal exports fell to 3.66mn st from 5.07mn st in the same month last year. Shipments to Europe plunged to 1.59mn st from 2.22mn st, while exports to Asia dropped to 698,714st from 1.28mn st.
The Argus daily assessed high-volatile B price at $134/t fob Hampton roads yesterday...
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South African Coal Exports Seen Waning as Renewables Gather Pace
Senin, 16 September 2019 / 19:23 WIB
South Africa’s thermal-coal exports are expected to drop as its main export hub faces growing competition and new cheaper energies proliferate, according to a U.S. research group.
“New energy technology is replacing coal-fired power faster than most predicted,” the Institute...
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Thermal coal in Asia: the real risks for investors
Jumat, 13 September 2019 / 19:18 WIB
These are the key findings of new research from London based think tank InfluenceMap, which examines the exposure of Japanese financial institutions to thermal coal power projects in three key emerging markets - India, Indonesia and Vietnam. Japanese banks have financed 11 operational plants in...
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Glencore and Japan’s Tohoku face off in term coal talks
Kamis, 12 September 2019 / 19:16 WIB
The parties began discussions recently over what is expected to be a tough set of negotiations for annual term supplies of high-calorific value (CV) GAR 6,322 kcal/kg Australian coal from October 2019 to end-September 2020. Glencore is thought to have tabled an initial offer at $80/t before...
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