Coal Export Terminals

IEEFA Research

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

Regulator should step back before taxpayer foots the bill

9 May 2021 (IEEFA Australia): The Queensland Competition Authority’s (QCA) massive ‘overnight’ increase in Dalrymple Bay Coal Terminal’s remediation provision costs from $433 to $850 million highlights a very serious regulatory issue, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the note IEEFA guest contributor Owen […]

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal

The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]

March 18, 2021 Read More →

IEEFA report: Transition planning a must as South Africa’s export markets pivot away from thermal coal

New energy technology replacing coal-fired power faster than predicted

16 September 2019 (IEEFA South Africa) ‒ South African coal exports are approaching long-term decline, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA) out today. Author of the report Simon Nicholas, energy finance analyst with IEEFA, says the sector needs to come to terms with the prospect of fading […]

IEEFA Australia: Australian taxpayers funding subsidies worth billions for Adani’s Carmichael thermal coal mine

Carmichael mine unbankable and unviable without subsidies

29 August 2019 (IEEFA Australia): After yet another three month extension, there is now just one month to go until Adani and Queensland Treasury sign off on a massive 900 million dollar 7-year low interest royalty capital subsidy for the Indian billionaire Adani Group – ensuring no royalty return from Carmichael into the Queensland community […]

IEEFA report: Past their peak, New South Wales coal export volumes head toward terminal decline as markets transition

NSW government must plan now for inevitable transition in local coal communities

Nov. 1,  2018, SYDNEY (IEEFA) – A report published today by the institute for Energy Economics and Financial Analysis sends an urgent message to the New South Wales government that, with coal export volumes having peaked and now facing a terminal long-term decline, transition preparations must be made for the coming decades to prepare businesses, […]

IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

Production Declining by as Much as 40 Million Tons; Prices Failing to Benefit Shareholders or Stimulate New Investment; Anemic Exports; Little or No Gain From Regulatory Relief; Increasingly Dim Employment Prospects

We’re out this morning with our annual outlook for U.S. coal markets, and the picture isn’t pretty. We see the potential for some short-lived strength in the current uptick for coal producers but the title of our assessment sums up the larger view: “Short-Term Gains Will Be Muted by Prevailing Weaknesses in Fundamentals.” You can […]

The Federal Government’s Coal-Leasing Program Is Broken: Here’s How to Fix It

The Federal Government’s Coal-Leasing Program Is Broken: Here’s How to Fix It

Appoint a Price-Setting Commission; Ban Exports; Cancel Some Leases; Eliminate Self-Bonding; Mandate Set-Asides for Mine Clean-up and Miner Pensions; Require Twice-a-Year Audits; Assume Smaller Markets

It’s time for the U.S. to modernize how it manages its publicly owned coal reserves. That’s the essence of comments we’ve filed today with the Department of the Interior as it begins a review of its federal coal-leasing program in the Powder River Basin, a program that has been mismanaged for years at taxpayer expense […]

Global Energy Markets Transition Drives Thermal Coal Into Structural Decline

Global Energy Markets Transition Drives Thermal Coal Into Structural Decline

New Research by IEEFA Sees Slowing Demand for Coal and Rapidly Rising Investment in Renewables CLEVELAND, Jan. 14, 2015 (IEEFA.org) — Rapid expansion of renewable energy combined with weakening electricity demand are driving a structural decline in seaborne thermal coal markets, according to a new briefing released today by the Institute for Energy Economics and […]

January 14, 2015 Read More →
Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity (pdf) By Tom Sanzillo, Director of Finance, IEEFA  

November 19, 2014 Read More →

More News and Commentary

IEEFA: Pakistan is planning to end coal imports, worsening outlook for South African coal

IEEFA: Pakistan is planning to end coal imports, worsening outlook for South African coal

The growing and irreversible risks being faced by South African coal exporters

As Thungela Resources’ CEO attempts to talk up the future of the Anglo American coal spin-off, South Africa’s second largest coal export destination Pakistan is planning to bring coal imports to an end. Thungela CEO July Ndlovu recently stated that a “just transition” for developing nations requires the continued operation of existing coal-fired power plants […]

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning
and

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

Regulator should step back before taxpayer foots the bill

9 May 2021 (IEEFA Australia): The Queensland Competition Authority’s (QCA) massive ‘overnight’ increase in Dalrymple Bay Coal Terminal’s remediation provision costs from $433 to $850 million highlights a very serious regulatory issue, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the note IEEFA guest contributor Owen […]

Allianz unit Pimco to stop investing in Adani Ports coal export project in Australia

Bloomberg: Pacific Investment Management Co., which is seeking to decarbonize its investment portfolio, has stopped participating in the bond offerings of Adani Ports & Special Economic Zone Ltd. because of its links to a controversial coal project Australia, according to a person familiar. Pimco, which is owned by Germany’s Allianz SE, did not participate in […]

March 23, 2021 Read More →
IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal

The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]

March 18, 2021 Read More →
IEEFA: Dalrymple Bay Infrastructure overvalued, overleveraged, over-promised, likely to under-deliver

IEEFA: Dalrymple Bay Infrastructure overvalued, overleveraged, over-promised, likely to under-deliver

Stock market listing slated for 8 December

Coal port operator Dalrymple Bay Infrastructure (DBI) will commence trading on the Australian Stock Exchange (ASX) on Tuesday 8 December. Under the offer, present owner Brookfield Asset Management (Brookfield) is seeking to raise at least A$656 million, equating to a market value (for 100% of the equity) of A$1.3 billion. If defensible, the valuation would […]

December 7, 2020 Read More →
IEEFA update: Dalrymple’s potential stock market debut

IEEFA update: Dalrymple’s potential stock market debut

A coal terminal carrying a heavy debt load and increasing climate risks

Preparations to float Dalrymple Bay Coal Terminal (DBCT) on the Australian Stock Exchange appear to be heating up, with a potential listing date slated for the fourth quarter of this year. Initially marketed to private buyers, plans to sell DBCT located at Hay Point on Central Queensland’s coast were shelved in early 2020 after present […]

October 19, 2020 Read More →

Korea’s Hanwha Securities to stop financing Adani’s coal projects in Australia

The Guardian: A second major Korean backer of Adani’s Australian coal operation has said it won’t provide any more financial support for the controversial miner, which faces potential debt difficulties related to its Abbot Point export terminal. Guardian Australia has seen a letter from Korean brokerage firm Hanwha Securities – sent to the climate group […]

August 3, 2020 Read More →
IEEFA: The crash in global gas prices should mean a drop in electricity and gas prices in Australia

IEEFA: The crash in global gas prices should mean a drop in electricity and gas prices in Australia

But it doesn’t

The plunge in oil prices over the weekend will delay or postpone the development of major Australian gas fields, of which there are many. Liquefied Natural Gas (LNG) export contracts are directly linked to the oil price. The oil price has fallen 25%. We can expect to see a similar fall in the value of […]

Richmond, Calif. city council considers coal export ban

The Salt Lake Tribune: Since its first year in business in 1982, the Levin-Richmond Terminal has been tied to Utah industries, first importing coke for use in the Geneva Steel plant, then exporting iron ore. After Utah’s iron mines shuttered, its coal mines kept the deep-water terminal on the San Francisco Bay’s east shore busy, […]

November 18, 2019 Read More →

China dials back its appetite for Australian coal

Hellenic Shipping News:  China’s restrictions on Australian coal are expected to remain in place into next year as Beijing seeks to moderate a spike in foreign imports of the commodity to protect domestic supply. While there had been hopes in Canberra that the unofficial quota on Australian coal exports to China would be wound back […]

October 31, 2019 Read More →