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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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Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
Thursday, 26 April 18
COAL PRICES ARE EXPECTED TO AVERAGE $85/MT IN 2018, DOWN SLIGHTLY FROM 2017 - WORLD BANK
Coal prices rose 4 percent in the first quarter (q/q), following a surge of 34 percent in 2017, mainly due to strong consumption in China spurred b ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- PTC India Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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