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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, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...
Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...
Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH
The Ministry of Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts ...
Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
Fitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes (mt) i ...
Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...
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- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
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