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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
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Tuesday, 26 June 18
A SHARP RISE IN THE PRICE OF CRUDE OIL WAS TO BE SEEN ON FRIDAY, ITS BIGGEST DAILY GAIN IN TWO YEARS - GEORGE LAZARIDIS
A sharp rise in the price of crude oil was to be seen on Friday, its biggest daily gain in two years, as OPEC reached a deal to raise output. Despi ...
Monday, 25 June 18
AUSTRALIA'S NEWCASTLE PORT SHIPPED 12.179 MT OF COAL IN MAY; DOWN 14.77% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU1,453.6 Mi ...
Monday, 25 June 18
COAL IN THE CROSSFIRE: CHINESE TRADERS WARY OF BEING BURNT BY TRADE WAR - REUTERS
At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose s ...
Saturday, 23 June 18
COAL GROUP TARGETS 9 PER CENT REVENUE SPIKE - VIET NAM NEWS
Viet Nam News reported, the Viet Nam National Coal and Mineral Industries Group (Vinacomin or TKV) is targeting VNĐ116.9 trillion (US$5.1 billion) ...
Thursday, 21 June 18
ROBUST ASIAN THERMAL COAL DEMAND CREATES OPPORTUNITIES FOR AUSTRALIA - MINERALS COUNCIL OF AUSTRALIA
Minerals Council of Australia reported, Australia’s world-class coal mining industry can create more jobs in Australia and strengthen t ...
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- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- The University of Queensland
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Siam City Cement - Thailand
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- MS Steel International - UAE
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
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