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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, 30 March 18
SHIPPING INDUSTRY CONFIDENCE HITS FOUR-YEAR HIGH - MOORE STEPHENS
Shipping Confidence Survey
In February 2018, the average confidence level expressed by respondents was up from 6.2 in November 2017 t ...
Friday, 30 March 18
EXPLAINING POLAND'S COAL PARADOX - FORBES
In the U.S. coal is succumbing to market forces despite the Trump Administration’s push to support the industry. Abundant, cheap and cleaner ...
Friday, 30 March 18
THIESS SECURES $140M MT OWEN INCREASE
Thiess has secured a A$140 million increase to its contract with Glencore for coal mining services at Mt Owen in the Hunter Valley, Australia. Mt O ...
Wednesday, 28 March 18
THIESS WINS $280M WAHANA EXTENSION
Thiess has been awarded a three-year $280 million contract extension at the Wahana coal mine in South Kalimantan, Indonesia.
According to Thie ...
Wednesday, 28 March 18
RIO TINTO TO SELL KESTREL MINE FOR $2.25 BILLION - REUTERS
Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk for $2.25 ...
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Showing 1756 to 1760 news of total 6871 |
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- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Australian Coal Association
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- The University of Queensland
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- VISA Power Limited - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
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