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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 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country’s ...
Wednesday, 16 October 19
INDIA CALLS FOR A RESET OF CLIMATE DEBATE ON COAL AS A FUEL - LIVEMINT
India on Tuesday called for a reset on climate debate on coal as a fuel, in the backdrop of India becoming one of the top renewable energy producer ...
Wednesday, 16 October 19
LESSONS LEARNT FROM CREW INJURED IN HEAVY WEATHER - UK P&I CLUB COMMENTS
KNOWLEDGE TO ELEVATE
Stuart Edmonston, Loss Prevention at UK P&I Club, discusses an incident in which crew were injured whilst on deck in ...
Wednesday, 16 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
In perhaps the most interesting market conditions of the past years, the tanker and the dry bulk industry have created a positive sentiment with re ...
Tuesday, 15 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country's Co ...
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Showing 1311 to 1315 news of total 6871 |
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- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Australian Coal Association
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- The University of Queensland
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
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