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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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Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
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Showing 1096 to 1100 news of total 6871 |
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- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
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