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Friday, 29 July 22
GLENCORE TO SUPPLY COAL TO NIPPON STEEL AT $375 PER TON - BLOOMBERG
Glencore Plc, agreed to supply coal to Nippon Steel at one of the highest prices ever paid by the Japan Bloomberg reported on July 27.
According to Bloomberg, Nippon Steel Corp. agreed on an annual supply deal through March with Glencore for power plant coal at $375 per ton, according to people with knowledge of the deal, who asked not to be identified because the information is private.
The agreement is three times more expensive than similar deals done last year, and is likely one of the costliest coal contracts ever signed by a Japanese company, one of the people said, Bloomberg said.
teh report also said, spokespeople for Glencore and Nippon Steel declined to comment.
Bloomberg also noted that, Global competition for coal and natural gas is escalating as power generators move to secure additional fuel shipments amid an energy crunch. Utilities are curbing imports from Russia due to the war in Ukraine, tightening the amount of available supply and sending prices surging.
Japan has been struggling with strained electricity supplies and high demand during a recent heat wave. Nippon Steel, which uses fuel to power its industrial sites and supplies electricity to Japan’s grid, earlier this month purchased the country’s most expensive ever natural gas shipment.
Glencore is the world’s top coal shipper and profits from the power-plant fuel are at an all-time high. The resource giant is on course for a record 2022 as it cashes in on soaring prices and volatility.
Bloomberg further noted that, the Glencore deal may be used as the benchmark price for other annual supplies by thermal coal users in Asia, the people said. That will boost the cost to generate electricity, and threatens to increase power bills for businesses and households.
Australian Newcastle coal futures closed at $410.45 per ton on Tuesday on ICE Futures Europe, and touched a record earlier this year. European coal futures for next year rallied to an all-time high on Tuesday as Russia threatens to curb gas supplies to the continent, as reported by Bloomberg
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Thursday, 01 July 21
END TO COAL POWER BROUGHT FORWARD TO OCTOBER 2024
Press Release: The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK& ...
Thursday, 01 July 21
WHY BUILD 600 NEW UNPROFITABLE COAL PLANTS? - DEUTSCHE WELLE
Governments in Asia are planning 600 new coal plants that could lose investors $150 billion and derail efforts to limit temperature rise in line wi ...
Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a rep ...
Wednesday, 30 June 21
DELTA DUNIA MAKMUR RECORDED AN IMPROVED REVENUE IN Q1 2021; REVENUE INCREASED BY 49% QOQ TO US$160 MILLION ON THE BACK OF COAL PRICE RECOVERY
PT Delta Dunia Makmur Tbk. (“DOID”) released its consolidated financial and operating results that include its primary and wholly-owned ...
Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...
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- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
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