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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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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
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- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- The University of Queensland
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Indian Energy Exchange, India
- White Energy Company Limited
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
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