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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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Monday, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...
Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
Wednesday, 21 October 20
INDIA: THE COMMERCIALISATION OF COAL BLOCKS WILL BENEFIT THE ECONOMY - HINDU BUSINESS LINE
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocati ...
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- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Planning Commission, India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
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