trending Market Intelligence /marketintelligence/en/news-insights/trending/qy1fqe6l-nf_0lmqsce79a2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Global coal roundup: A weekly review of top international stories

State Of Indonesian Online Video: Subscription

Virtual Multichannel Revenues Projected To Soar In Next Five Years

Street Talk Episode 45 - Fed Moving From Rate Hikes To Lower For Longer

Consumer Engagement Remains Challenging For OTT Players In Asia


Global coal roundup: A weekly review of top international stories

A roundup of internationalcoal news from July 15 to July 22.

Europe

Poland: Moody's on July 19 reportedits projection ofPoland's power prices to be 145 Polish zlotys per MWh to 165 zlotys/MWh in the nextfive years from the current 163 zlotys/MWh, reflecting the rating agency'sexpectation of minimal changes to the country's fuel mix. "Althoughwe currently expect growth in renewable capacity to slow, we expect continuedpressure on power prices due to low coal prices, increasing interconnectorcapacity, and broadly flat CO2 prices," Moody's Vice President and SeniorCredit Officer Joanna Fic said.

Asia

China: said July18 that it produced 40.4 million tonnes of coal in the first half, from a year ago. Coalsales for the six months ending June 30 rose 1.8% year over year to 65.3million tonnes. The company said its production was affected by governmentpolicies, market environment, heavy weather and equipment maintenance.

Coalimports in China aretargeted to remain atover 20 million tons per month during the second half of the year, to aiddemand and to help fill asupply gap left by a mining slowdown, Bloomberg News reported, citingan analyst with ICIS China. In another report, China's coal capacity cut targetthis year was reduced to over 250million tons from a previous 280 million tons, while steel capacityis expected to contract by 45 million tons.

Anofficial of China's top economic planner said ,attributable to the 9.7% contraction in domestic output during the first halfof the year, undermine the government's efforts in countering the , Bloomberg Newsreported July 20. "Coal prices shouldn't rise too much or too fast,"Bloomberg quoted Lian Weiliang, vice chairman with the National Development andReform Commission as saying, in a report by Xinhua News Agency.

TheChinese government has createdan asset management company that includes coal miners China Shenhua Group Corp.and China National Coal GroupCorp. to aid in cutting coal overcapacity and moving toward the useof cleaner fuels, Bloomberg News reported. The new company will facilitateconsolidation of coal resources held by state-owned enterprises, according tothe State-owned Assets Supervision and Administration Commission.

India: India's coal imports for thecurrent fiscal year are projectedto fall to 160.16 million tonnes, the Press Trust of India reportedJuly 18, citing Power and Coal Minister Piyush Goyal. The number projected byNITI Aayog signifies an almost 20% drop from the 199.88 million tonnes of coalimported in 2015-16. The first two months of the fiscal year posted a 5% cutback incoal imports, allowing the government to save up to about 42.9 billion rupeesequivalent of foreign exchange.

Philippines: The Philippines intends toincrease its annual coalconsumption by 1 million tonnes through 2020 to support itseconomy, Reuters Africa reported July 21, citing Arnulfo Robles, executivedirector of the Philippine Chamber of Coal Mines. In 2015, the country's coalconsumption stood at 22 million tonnes, with 80% or 17.4 million tonnes of itcoming almost entirely from Indonesia while in 2014, coal imports totaled 15.2million tonnes, said the report citing government data.

Russia

Coalproduction from Russia's Kemerovo region increased to 108 million tonnes in the first half of2016, 8% more than in the same period last year, Interfax reported July 18,citing figures from the Kemerovo regional government. The region produced 30.7million tonnes of coking coal and 77.3 million tonnes of thermal coal, with 60million tonnes in total heading for export as customers in East Asia accountedfor a larger slice of demand than before, according to Interfax.

Australia

projected that first-half sales from the group's private royalty lands atKestrel coalmine in Queensland, Australia, will be between 35% and 40% of the invoiced payabletonnes, representing a substantial increase in the previously guided range ofbetween 20% and 25%. However, the group's full-year guidance remains unchangedat between 60% and 65%, but is expected to be at the upper end of this range,it said in a July 20 release.

Reportingits first full financial year of operation, South32 Ltd. may have met or beaten its for the majority of thecompany's operations, but production was also down across most commodities.South32 said July 21 that the lower output was largely due to power shortages inTasmania, Australia, that led to the suspension of two of four furnaces and thesuspension of three of the four high-carbon ferromanganese furnaces atMetalloys in May 2015.

witnessed across most ofits portfolio in the second quarter, with the most notable increase coming fromits bauxite operations. The higher output was largely due to minimal weatherimpacts as well as operational improvements and the ramp-up of expanded and newmines across the Pilbara operations in Western Australia.

said July18 that it is planning torestart coal production at the Wongawilli mine in New South Wales, Australia,this month, with first shipment expected in the current quarter. The collierywas placed on careand maintenance in August 2014 when the company was struggling amid fallingproduction.

has at claims that it was"financially distressed" and did not possess the experience torehabilitate large-scale open-cut coal mines. Earlier in July, it was revealedthat a wholly owned subsidiary of TerraCom, Orion Mining Pty Ltd., will 's coal mine inQueensland, Australia, for just A$1 and as part of the deal will receive A$80million to cover the rehabilitation liability. TerraCom said July 15 that ithas the financial capability to operate the mine after recently refinancing itsdebt and the A$80 million cash is sufficient to cover the cost ofrehabilitating the mine.

WollongongCoal Ltd. has been finedA$30,000 for discharging dirty water from the coal mine in NewSouth Wales, Australia, into the Bellambi Gully in December 2015. Peter Bloem,EPA manager for the Illawarra region, said July 15 that the pollution of thecreek occurred when a faulty water sprinkler used for dust suppression and anunsealed inspection portal in a coal stockpile area allowed coal fines to bedischarged into Bellambi Gully.

reported a 16%year-over-year decline in thermal coal production as of the fiscal year endedJune 30, brought about mainly from drought and heavy rain. The downwardtrend is expected to continue in fiscal 2016-2017. Production dropped to34.25 million tonnes in the fiscal year ended June 30, falling short of the 40million tonnes guidance for the year, Platts reported.

Biddersare already enlisting the help of banks for acquisitionfinancing as it continues to compete for Anglo American Plc's Moranbah and Grosvenor mines, Bloomberg News reported,citing "people with knowledge of the matter." and are said to be amongthose competing with BHP BillitonLtd. for the mines. The metallurgical assets in Queensland,Australia, may sell for up to $1.5 billion.

As of July 21, US$1 isequivalent to 67.16 Indian rupees.

This feature was updated asof 2:56 p.m. ET on July 22. Some external links may require a subscription.

S&P Global Platts andS&P Global Market Intelligence are owned by S&P Global Inc.