You are here: Home » Subject » Coal Export Terminals
Coal Export Terminals
More News and Commentary
IEEFA
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 […]
Trista Rose
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 […]
Trista Rose
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 […]
Trista Rose
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 […]
IEEFA
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 […]
Bruce Robertson
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 […]
IEEFA
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, […]
IEEFA
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 […]
Simon Nicholas
Policymakers need to prepare for technology-driven transition away from coal
Whilst South Africa grapples with domestic power and coal issues the government would do well keeping one eye on the overseas markets for the nation’s coal exports. In the longer term, South Africa’s coal exports will go into decline as overseas demand for the product fades, and without intervention to support coal areas in managing […]
Press Release, Simon Nicholas and Tim Buckley
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: 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 dealThe 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 […]