We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 29 June 18
JAPAN'S TOHOKU ELEC, GLENCORE ABANDON APRIL-MARCH COAL CONTRACT TALKS - REUTERS
 Japan’s Tohoku Electric Power Co Inc and Glencore Plc have abandoned talks on annual thermal coal supplies after failing to reach an agreement, the first time in decades the talks have broken down.
Tohoku Electric said on Tuesday that the negotiations with Glencore, the world’s biggest exporter of seaborne thermal coal, ended without an agreement after protracted negotiations on supplies from April 2018 to March 2019.
“We could not reach an agreement with Glencore on the April to March annual contract,” a spokesman for the Japanese utility company said, citing their inability to agree on terms such as price and volume.
“We will negotiate with Glencore for other contracts of coal as needed,” he said, adding that Tohoku has settled some annual contracts with other Australian suppliers.
A Glencore spokesman in Australia said no comment when contacted by Reuters.
But a senior Glencore official, who declined to be identified, said the talks failed because of price disagreements so they decided to skip this round and Tohoku has already covered its needs.
Multiple industry sources said the producer and the utility were not able to reach an agreement on pricing as Tohoku, like its peers, is seeking to cut costs amid increased competition in Japan’s electricity market.
Benchmark thermal coal prices also surged to their highest since 2012 while the negotiations were taking place, making the talks more complex, the sources said.
The price for thermal coal agreed to by Tohoku and Glencore is used as a benchmark for other Japanese utilities and manufacturers and the breakdown in talks surprised other coal buyers.
“This is the first time in my memory that the talks over an annual coal contract between a Japanese major utility and a key Australian supplier were broken off,” said a coal buyer with more than three decades of experience.
“The absence of the reference price means that other buyers will need to negotiate with their suppliers without any guidance,” a coal trader based in Tokyo said.
The April to March long-term contracts between Australian suppliers and Japanese utilities have traditionally accounted for a major part of Japan’s annual thermal coal imports of about 115 million tonnes. But the volume under the long-term contracts has been declining in recent years as utilities tried to diversify their sources, according to multiple industry sources.
Japanese utilities usually pay a premium to secure high-quality supplies from Australia on long-term contracts as they prefer coal with a higher energy content to generate electricity more efficiently and with less environmental harm.
Source: Reuters
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 05 July 18
INDONESIAN COAL PRICE REFERENCE HITS 74 MONTHS HIGH OF $104.65 A TON
COALspot.com: HBA keeps rising. According to latest ministerial decree No.1892 K/30/MEM/2018 dated 2 July 2018, the Indonesian Coal Price Reference ...
Wednesday, 04 July 18
TANKER MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
2 years tanker briefing in tanker asset prices
The tanker market is undoubtedly passing one of its’ roughest times over the la ...
Tuesday, 03 July 18
COAL, THE SECOND MAIN COMMODITY FOR CAPES, HAS BEEN SHOWING A REMARKABLE RISE IN TRADE VOLUMES IN THE YEAR SO FAR - THOMAS CHASAPIS
Having reached the mid-point in the year, it seems to be a good time to summarize the overall trends noted in the Dry Bulk sector and more specific ...
Tuesday, 03 July 18
SUPRAMAX: A 56,000-DWT WAS FIXED BASIS DELIVERY SINGAPORE TRIP VIA INDONESIA, REDELIVERY CHINA, AT $12,100 - BALTIC BRIEFING
Capesize
The market generally drifted and by mid-week dropped to what some felt was an artificially low level, only to bounce back at the end o ...
Tuesday, 03 July 18
COAL OVERTAKES IRON ORE IN GOVERNMENT FORECASTS AS AUSTRALIA'S LARGEST EXPORT FOR 2018-19 - MINERALS COUNCIL OF AUSTRALIA
Coal is forecast to be Australia’s largest export earner at $58.1 billion in 2018-19 with iron ore exports forecast to earn $57.7 billion in ...
|
|
|
Showing 1681 to 1685 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Anglo American - United Kingdom
- Australian Coal Association
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
|
| |
| |
|
