MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE

Indicative Imported Coal Price

Indicative Pet Coke Price

Indicative Coking Coal Price

Indonesian Coal News:

*The Energy and Mineral Resources Ministry has raised Indonesia’s annual coal production target to 695 million tonnes this year to cater to robust demand for the commodity. The country plans to export more than 74 % of the coal it mines this year, some 518 million tonnes, which the ministry said would mean record shipments. The respective production and export targets are up slightly from last year’s realized 687 million tonnes and 494 million tonnes, ministry data shows. The production realized last year exceeded the ministry’s target of 663 million tonnes, even though miners retained output during a month-long export ban in January and experienced operational disruptions during the year due to heavy rains.

*Indonesia's Ministry of Energy and Mineral Resources (ESDM) mulls changes to domestic coal program. The organization is working on a scheme for establishment of an agency dealing with fee collections from mines and also working on creating difference between the market prices and the prices for domestic market obligations to ensure stabilization of domestic supply of coal. The agency initially planned to take the form of a Public Service Agency (BLU), but the government is looking to change the type to the Managing Agency Partner (MIP).

Australian Coal News:

*Australian exporters are preparing for a rush of new orders as relations between the country and China are expected to return to normal. Recent global conditions led Australian coal suppliers to find alternative markets, to offset the impact of Chinese restrictions that came into effect in 2020. Although China is set to re impose import tariffs on various coal grades from April 1 after it temporarily removed duties for a year until March 31, 2023, Australian coal products can still be attractive to Chinese buyers.

*Australia's big coal miners are in talks with the government of New South Wales State over the plan to have the companies hold back as much as 10% of production for domestic supply. The country is seeking to cut costs for households by capping soaring gas and coal prices, and New South Wales wants to boost the effort by enhancing domestic supply of coal, most of which gets exported. Australia's government passed legislation in December to cap natural gas prices for one year, and won agreements from top coal producing states of New South Wales and Queensland to cap the price of coal sold to power plants.

of dollars in international loans and grants to support a green transition.

*President Cyril Ramaphosa said the country needed an energy mix that included coal, nuclear, solar, wind and biogas if it was to transition to a cleaner form of energy. Earlier, Eskom announced that it was contemplating implementing Stage 2 or 3 load shedding on a near-permanent basis for the next two to three years. Ramaphosa said 80% of the country’s energy comes from coal-fired power stations and this could not be ignored. Ramaphosa admitted that load shedding had a dire effect on the economy and companies are reluctant to invest and once investment dries up, productivity is dampened and jobs cannot be created on an economic scale.

European Coal News:

South African Coal News:

*Coal-rich but energy-starved South Africa will not immediately abandon its fossil-fuelled electricity generating plants as it transitions to cleaner forms of power, President Cyril Ramaphosa said. South Africa, which generate about 80% of its electricity through coal, is in the grip of an energy crisis. It has been blamed on aging power stations, sabotage, and theft of coal and spare parts by organized gangs. Since 2021, the country has secured several billions

*Russia’s coal production edged up by 0.3% in 2022 in annual terms, Deputy Prime Minister Alexander Novak said at a government meeting headed by President Vladimir Putin. “Speaking about 2022, coal production rose by 0.3% by the end of the year despite the fact that coal supplies to Europe were embargoed starting August 10," he said. Meanwhile, coal exports from Russia dropped by 7% in 2022 compared with 2021, though deliveries to the domestic market gained 8%, Novak said. Domestic supplies rose by around 8%, while exports lost 7%, he said.

* Poland imported a record 14 million tonnes of coal in 2022, Polish Deputy Minister of State Assets Karol Rabenda said. In the spring of last year, Poland completely banned the imports of coal from Russia."From the beginning to the end of the year, we delivered 14 million tonnes of coal to Poland. This is probably a record number when it comes to the capabilities of Polish ports," Rabenda told reporters. The official said many doubted Poland could go without Russian coal, given its economy's heavy dependence on energy sourced from coal burning, but the country managed to become "100% independent on Russian coal" by importing from other places.

US Coal News:

*US coal prices plunged from record highs as warm winter conditions eased demand for the dirtiest fossil fuel. According to government figures released, coal from the Northern Appalachia region slumped to $115 a ton for the week ending Jan. 6, down 45% from the prior week. Spot prices for coal from Central Appalachia fell 33%, and fuel from the Illinois Basin dropped 31%. While bids may rise again in the coming weeks as the picture becomes clearer, “for now, it looks like the consensus is that coal prices will be lower,” Rosalyn Berry, lead operations research analyst for the U.S. Energy Information Administration’s coal program, said.

*US railroad Union Pacific is adding 150-200 workers per month to support growing coal demand amid low natural gas inventories in 2023, the company said. The railroad serves the largest US coal producing region, the Powder River Basin, which consists primarily of Wyoming and Montana. In 2022, UP generated $2.1 billion in coal and renewables freight revenues. In the fourth quarter, UP generated freight revenues of $523 million from its coal and renewables segment.

falling domestic coal price kept buyers on hold and in Turkey low-priced Russian coal set a lower discount combined with a fall in clinker production of 15 % YoY. US production has been stable and refiners are avoiding the buildup of stocks that are too large, offering product at lower prices to maintain short-term buyers in their comfort zone. Venezuelan product has been seen in several destinations with significant volume increases to Turkey, putting a lid on mid-sulphur range prices, which remain high compared to the normal $10 spread.

Shipping Update:

*The global Dry Bulk Shipping market size was valued at USD 347876.7 million in 2021 and is expected to expand at a CAGR of 3.56% during the forecast period, reaching USD 429063.47 million by 2027.Because of the world's rising urbanization in recent years, there are more prospects for growth. After the pandemic broke out, dry shipping's market value declined. However, as things returned to normal, the growth was consistent. Steel is in high demand because of the rise in infrastructure projects. Therefore, producers employ various techniques and concepts to raise the value of their output to alter consumers' perception of their products worth.

Pet Coke News:

*Despite the rise in coal prices, petcoke continued to decline at the end of the year as demand remained sluggish from India and China despite higher discounts. In China the

*The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses to a fresh two-and-a-half-year low, pressured by a dip in rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 73 points, or about 8.4%, at 801, it’s lowest since June 2020. The capesize index fell to a fourmonth low, losing 214 points, or about 19.3%, to 893, also marking its worst day this month. The capesize index fell to a four-month low, losing 214 points, or about 19.3%, to 893, also marking its worst day the month.

Start with quality, destination will be excellence.

GLOBAL MINETEC LIMITED, thy name stands for trust in supplying the qualitative coal from different coal mines of Mahanadi Coalfields Limited. With its inception in Talcher, Odisha, this company redefines the power of experience and knowledge. We take pride in the inclusive understanding of our work, its operations and incorporation of ultra new methodology to cope up with the quick paced market. GLOBAL MINETEC LIMITED constantly endeavour to expand globally given its success rate. GLOBAL MINETEC LIMITED also has extensive experience in tendered work contracts and has provided years of unadulterated dedicated services. It has undertaken numerous contracts on providing coal of good quality and has performed flawlessly each time as endorsed by Coal India Limited. GLOBAL MINETEC LIMITED has gained both momentum and trust in the market over the period by successfully completing the contracted works with properly maintaining the quality as per timelines.

We provide at supplying quality coal, being environmentally responsive and comm unity friendly attracts our customers and retains them. We understand ardently the need to be extremely aware and responsible corporate citizens GLOBAL MINETEC LIMITED also takes strict measures when it comes to safety of its employees, machineries and tools and ensures that all government safety parameters are adhered to, and no deviation of any kind is tolerated.

GLOBAL MINETEC LIMITED starts off its logistics from moving the quality coal from mine stock. The coal is loaded and transported through tippers a nd subsequently loaded to wagons to be carried to the respective thermal power plants. GLOBAL MINETEC LIMITED is a brand that believes in strengthening its innate competence and growing better each passing day. With numerous new ideas out of its pandora box GLOBAL MINETEC LIMITED strives at becoming a giant business conglomerate. With strong core values and impeccable services GLOBAL MINETEC LIMITED is the name you can count on.

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