Britmindo Group’s Post

Chinese companies that regularly import coal from Indonesia may change over time and with changes in market dynamics. In general, China is one of the major players in the global coal trade, and Indonesia is one of the major coal suppliers to China. Some of the major companies in China that are frequently involved in coal imports include: 1. China Shenhua Energy Company: The largest coal producer and distributor in China. 2. China National Coal Group (China Coal Group): This company operates in various mining sectors, including coal. 3. China Coal Energy Company Limited: A subsidiary of China National Coal Group that focuses on coal production and coal energy. 4. Datong Coal Mine Group: A large coal mining company based in Shanxi Province. 5. Yanzhou Coal Mining Company: A leading coal producer with operations throughout China and in several other countries. 6. Shanxi Coking Coal Group: One of China's largest producers of coal, particularly coking coal. Please note that trade situations can change, and these companies may change in terms of coal import activities. It is important to refer to current resources and conduct market research to obtain the most accurate information. Government and trade policies may also affect the dynamics of China's coal imports from Indonesia.

"SA's coal sector relied heavily on trucks to transport an estimated 26-million tonnes of the fuel to various ports for export in 2023, the highest level of road transport yet recorded, heightening pressure on the Treasury to pump money into state-owned transport monopoly Transnet. The Minerals Council SA has called on the Treasury to take heed of Transnet's request for a bailout to assist the troubled company in tackling its R130bn debt and implementing a turnaround plan. The mining industry was hoping to recover from a tough 2023 in which record volumes of coal were transported by truck to ports for export because of a dramatic decline in volumes railed on the Transnet Freight Rail (TFR) coal line. The industry experienced double-digit declines in mineral sales and exports last year due to port and rail constraints, steep falls in coal and platinum group metals prices, and record Eskom electricity supply disruptions. One of the worst-hit commodities was coal, the price of which plunged 55% compared with average prices earned in 2022. It contributed to a 22% drop in coal sales, which is estimated to amount to R192bn for 2023, according to the Minerals Council." https://lnkd.in/dvEDgHqE

𝗪𝗵𝗮𝘁’𝘀 𝗻𝗲𝘅𝘁 𝗳𝗼𝗿 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮𝗻 𝗰𝗼𝗮𝗹? Kelsie Tibben; Australian Mining The global appetite for coal grew eight per cent in 2023, but global conditions and volatile weather patterns are setting an uncertain stage for the commodity. Australian Mining investigates. The Federal Government’s ‘Resources and Energy Quarterly’ (#REQ) for March 2024 revealed #coal to be Australia’s largest exporter in 2023 at around 170 million tonnes. It’s a huge boon for the country, as overall global #metallurgicalcoal demand is projected to rise from 317 million tonnes in 2023 to 331 million tonnes by 2029. World #steel output is expected to grow at 1.5 per cent every year over to 2029, providing a strong baseline for metallurgical coal use in the medium term. The REQ found numerous #Asian #countries continue to progress ambitious #steel plans and are likely to drive an increased pace of steel #production over time. Notably, the #ChineseGovernment has imposed three per cent #import tariffs on metallurgical coal in order to protect its domestic #industry. Though #Australia is exempt from these #tariffs under Free Trade Agreements, the REQ forecasts the global boom #China has been drumming up may be reaching its peak as a result. On the price side, Australian prime hard #cokingcoal averaged $US294 a tonne (/t) in 2023, significantly lower than the 2022 average of $US360/t. The REQ forecast #prices will continue to experience #volatility as a result of #supply side issues like logistical pressures and weather events like Cyclone Jasper. The full article link is here: https://lnkd.in/dmd6-mJy

Wonderful to see the Country transitioning to Net Zero but till such time, Energy need of the country met through enhanced efficiency in coal mining and production. Major milestone achieved reaching magic figure of 1 billion ton domestic coal production. This helped to mitigate and meet ever increasing electricity demand. Need of the hour for the Country. Excellent achievement by all standard. #Energy #coal #electricity https://lnkd.in/g_pdDv-J

Metallurgical coal is the unsung hero of the commodity world, silently powering the steel industry that underpins our infrastructure and economic development. There has been a sustained recovery in demand across Asia, with imports in February alone climbing for the third consecutive month, potentially reaching 20 Mt—the strongest month since October. BHP Group, a leading metallurgical coal shipper, remains bullish about the market's future, emphasising that alternatives to coal in steel production lack cost competitiveness and are unlikely to scale up for decades. At FutureCoal, we recognise the pivotal role of metallurgical coal as the building block for infrastructure development. Through strategic initiatives and partnerships, we aim to ensure a stable and sustainable supply of this critical resource, driving economic growth and prosperity worldwide. https://lnkd.in/dF3BgwDH #coal #metallurgical #cokingcoal #coalmining #mining #steel

Boost Efficiency in the Face of Met Coal's Quiet Surge In the realm of steel production, while #iron ore usually grabs the headlines, metallurgical #coal has been making significant strides, particularly highlighted in a recent article in MINING.com on FutureCoal. Amidst this quiet surge, Somerset International stands out by offering solutions that enhance plant yields by 3-5% and ensure safe tailings management. A must-read for those in the coal industry seeking to navigate the challenges and opportunities presented. Contact Somerset to discover more about the evolving landscape and our role in it. #sustainability #cleanenergy #tailingsmanagement #mineralprocessing #efficiency

Metallurgical #coal is the commodity world’s quiet performer But metallurgical coal is also a key input, and this fuel has quietly been a top performer in the energy commodity space in recent months. https://lnkd.in/dF3BgwDH

Coal is still a glowing part of global commodities markets even if prices for the energy source are sliding. Despite widespread perceptions that the coal industry is under threat, output is actually hitting new records—at least outside the U.S. and EU. The WSJ reports that China’s voracious appetite for thermal coal is a big driver of the market, and the country built up coal stocks in 2023 thanks to an influx of supply from Indonesia and Australia and an uptick in coal mining globally. Yet prices of Newcastle thermal coal, the main Asian benchmark, have fallen about 13% over the past month, according to Refinitiv. Newcastle coal prices are down 66% over the past year. One main reason: Global coal production rose about 1.8% in 2023 to a record 8.7 billion metric tons, according to the International Energy Agency. Abundant supplies of coal in China are likely to keep prices muted in the near future. There will probably be some boost to demand in the coming months from India as it struggles to keep its air conditioners and fans running this summer. In the longer run, however, coal prices probably won’t retrace the heights seen in late 2022 and early 2023—barring another major geopolitical blowup. Over the 12 months ending in November, China’s thermal-coal imports increased substantially to 360.6 million metric tons. That was an impressive 58% increase from the corresponding period a year earlier, according to data from Veson Nautical, a shipping-data consulting firm. Domestic output rose 1.3% last year, according to IEA estimates. And while China used 2023 to hoard coal, the world’s two largest coal exporters—Indonesia and Australia—have been happy to keep global markets well supplied. Indonesia’s coal exports jumped 11% in the 12 months ending November to touch 511.4 million metric tons. Australian coal exports rose 7% in the 12 months ending October to 194.6 million metric tons. 

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸 In-line with Indonesian coal output up +5% YoY so far in 2024 and the Association of Indonesian Mining Professionals still forecasting a +104Mt YoY increase to 875Mt in 2024, ship tracking data (AIS) showed a new weekly seasonal record last week with 12.4Mt/week shipping on bulk carriers. The driver is the succession of heatwaves in India, as coal demand in China has remained muted by record rainfall & hydropower availabilities. If you would like to get more information on this topic and the impact on the freight market, please reach out to us on: research@IfchorGalbraiths.com. #IfchorGalbraiths #CargoShip #Coal #Commodities #Exports #Freight #Maritime

Metallurgical coal (also called met coal or coking coal) is mostly used for steel making and other industrial processes. Usage of Mettallurgical coal will increase From 350 million tonnes (Mt) traded in 2023, to 433 Mt by 2028 .Mar 23, 2024 All countries buying coal France China, Germany, Italy Saudi Arabia building 80 million steel mill they need coal and can buy as much as they need. 3/4ths of all coal mines are closed right now and this is WHAT MAKES THIS PROJECT HUGE $$$$$$ Coal may go up to $500 per ton. We have the Largest Metallurgical Mining project Available. $120 million project all in. Running already / already producing immediate Need 18m for equipment, water quality. Permits( already has them and approved ) but will need more. , bonds, Within the first 6 months over 1million tons of metallurgical coal. Full Investor Deck and 43-101 available. YOU READY?!!!?