EXPORTS – AUSTRALIA

Growth in India to fuel coal demand

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Original article by Ben Packham
The Australian – Page: 4 : 1-Mar-18

World Coal ­Association CEO Benjamin Sporton says demand for Australian coal will remain strong for some time, due to rising electricity consumption in India. He notes that some 300 million people in India currently do not have access to electricity, while a similar number of people are expected to migrate to India’s cities over the next 15 years. Meanwhile, high-efficiency, low-emissions coal plants with a capacity of 48 gigawatts are under construction in India.

CORPORATES
WORLD COAL ASSOCIATION, ADANI MINING PTY LTD, INTERNATIONAL ENERGY AGENCY, MINERALS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Our beautiful coal must rival Trump’s: Canavan

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Original article by Ben Packham
The Australian – Page: 2 : 12-Feb-18

Australia’s coal and LNG exports totalled $A56.5bn and $A22bn respectively in 2017, but Resources Minister Matt Canavan says the US is emerging as a major competitor in Asia. The US currently exports shale gas to Japan, and Canavan says Asian buyers have also expressed interest in US coal. The US has traditionally been a net energy importer, although the Department of Energy has forecast that it will be a net exporter by 2022.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, UNITED STATES. DEPT OF ENERGY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, MINERALS COUNCIL OF AUSTRALIA, ENERGYQUEST PTY LTD, AUSTRALIAN LABOR PARTY, AME GROUP PTY LTD, ADANI MINING PTY LTD

Japan accord to boost brown coal, LNG exports

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 6 : 22-Jan-18

Australia and Japan have agreed to work together to develop coal and LNG markets in the region, following talks between their respective prime ministers in the week ending 19 January. Japanese technology could be used for high-efficiency, low-emissions coal power plants in south-east Asia, with coal to be potentially supplied from Australian mines. A consortium led by Kawasaki Heavy Industries will also look at whether brown coal from Latrobe Valley in Victoria can be converted into liquid hydrogen and exported for use in Japan.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, JAPAN. OFFICE OF THE PRIME MINISTER, GRATTAN INSTITUTE, KAWASAKI HEAVY INDUSTRIES COMPANY LIMITED, MINERALS COUNCIL OF AUSTRALIA

Songwriting becomes boom export industry

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Original article by Michael Bailey
The Australian Financial Review – Page: 10 : 29-Nov-17

Australian songwriters earned $A43.5 million from foreign royalties in 2016-17, according to APRA AMCOS. This compares to just $A21.8 million in 2012-13, with the doubling in royalties collection attributed to the growth of music streaming services such as Spotify and Apple Music. Jake Mason from Melbourne band Cookin’ On 3 Burners says the popularity of music streaming has helped to make it more well known internationally, but that new artists still struggle to make a name for themselves in the music industry.

CORPORATES
AUSTRALASIAN PERFORMING RIGHT ASSOCIATION LIMITED, AUSTRALASIAN MECHANICAL COPYRIGHT OWNERS SOCIETY LIMITED, APPLE INCORPORATED, SPOTIFY LIMITED, YOUTUBE INCORPORATED

Fortescue looks to new horizons

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Original article by Glenda Korporaal
The Australian – Page: 20 : 9-Nov-17

More than 90 per cent of Fortescue Metals Group’s iron ore is exported to China. However, outgoing CEO Nev Power has flagged plans to lift the volume of exports to other nations in response to Chinese steel mills’ growing demand for higher-grade iron ore. Fortescue already ships some iron ore to the UK and Germany, and Power says it aims to build on this, as well as seeking other export markets in Asia. Power has also advised that Fortescue will undertake a feasibility study on its Eliwana deposit at the Western Hub in the Pilbara.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RESERVE BANK OF AUSTRALIA, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY

Fortescue urged to reduce exports, raise iron grades

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Original article by Peter Ker
The Australian Financial Review – Page: 27 : 4-Nov-17

Andrew Hines has urged Fortescue Metals to lift its iron ore grades, even if that means reducing the level of its exports. Hines, an analyst with Evans & Partners, says doing this would help the level of pricing discounts applied to its product. He notes its recent strategy of lowering the grade of its product has reduced its production costs, but at the expense of the price it gets for its shipments. Hines says a "perfect storm of factors", including higher energy and transport costs, could see Fortescue posting a loss in fiscal 2019, compared to the $US2.1 billion ($A2.7 billion) net profit it announced in August.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG

Gold exploration spending needs to double, report finds

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Original article by Peter Ker
The Australian Financial Review – Page: 18 : 16-Oct-17

Australia’s gold production totalled 9.7 million ounces in 2016, but a report from Minex Consulting warns that a big rise in exploration expenditure is needed to avert a sharp downturn in production within five years. The Office of the Chief Economist is also bearish about the outlook for the nation’s gold sector, forecasting that the value of gold exports will fall to $A17.1bn in 2017-18 and $A16.9bn in 2018-19. This compares with around $A18bn in 2016-17.

CORPORATES
MINEX CONSULTING PTY LTD, AUSTRALIA. OFFICE OF THE CHIEF ECONOMIST, LIBERAL PARTY OF WESTERN AUSTRALIA

Trade surplus heads back to $1b as iron ore shipments to China surge

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Original article by Stephen Letts
abc.net.au – Page: Online : 6-Oct-17

Australia has recorded a trade surplus of $A989m for August in seasonally-adjusted terms. This compares with a surplus of $A808m for July. The surplus was bolstered by strong growth in both the price of iron ore and the steel input’s export volumes, although shipments of coal and LNG were lower than in July. The total value of Australia’s exports rose by one per cent to $A32.2bn, while the value of imports was steady at $A31.2bn.

CORPORATES
JP MORGAN AUSTRALIA LIMITED

LNG surge powers $211b export record

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Original article by Peter Ker
The Australian Financial Review – Page: 5 : 6-Oct-17

Australia’s chief economist Mark Cully expects the nation’s mining and energy exports to top $A211bn in 2017-18. Resources exports totalled $A204m in 2016-17. Cully is particularly upbeat about the outlook for the LNG sector, with expectations that annual export volumes will rise from 36.9 million tonnes in 2016 to 73.8 million by 2019. Iron ore export volumes are also forecast to rise over the next few years, although the value of such exports is expected to fall.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG

China moves to put a price on carbon

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Original article by Angus Grigg, Ben Potter, Lisa Murray
The Australian Financial Review – Page: 1 & 6 : 3-Oct-17

China will launch an emissions trading scheme by the end of 2017. The ETS is expected to initially cover power stations, but it will be expanded to cover a range of other industries by 2020, including steel and aluminium production. The ETS could be expected to have a detrimental impact on the level of Australian coal exports to China, currently worth $A8 billion a year, and comes at a time when other regional consumers of Australian coal are imposing similar emission measures.

CORPORATES
TSINGHUA UNIVERSITY, CARBON MARKET INSTITUTE LIMITED, WESFARMERS LIMITED – ASX WES, QANTAS AIRWAYS LIMITED – ASX QAN, ORICA LIMITED – ASX ORI, ORIGIN ENERGY LIMITED – ASX ORG, UNITED NATIONS, GREENPEACE, CHINA. NATIONAL DEVELOPMENT AND REFORM COMMISSION, INSTITUTE FOR ENERGY ECONOMICS AND FINANCIAL ANALYSIS, COMMUNIST PARTY (CHINA), CLIMATE BRIDGE