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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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Friday, 22 November 19
UNCERTAINTY IN THERMAL COAL MARKET PERSISTED IN 3Q19 - ADARO
Uncertainty in thermal coal market persisted in 3Q19, mainly due to the actions, or inactions, of China in setting policies for global coal market. ...
Friday, 22 November 19
CIL TO DEVELOP 55 NEW COAL MINES IN NEXT 5 YEARS: COAL MINISTER
State-owned CIL will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed. The company is also un ...
Thursday, 21 November 19
4TH DEEP OFFSHORE WEST AFRICA CONGRESS 2020
4th Deep Offshore West Africa Congress 2020
17 Janaury 2020
Accra, Ghana
Press Release: Following the great succ ...
Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT ...
Wednesday, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...
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- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
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