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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, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called ...
Friday, 27 May 16
US COAL PRODUCTION ROSE 2.9% WOW, ACCORDING TO EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.7 million short tons (mm ...
Thursday, 26 May 16
GIANT ORE CARRIERS SET TO PLAY A BIGGER ROLE IN THE GLOBAL SHIPPING FLEET: CHINA EMBRACES VALEMAXES - RICHARD SCOTT
Another phase of the giant ships era is approaching. Chinese shipowners placed orders recently for 30 huge ‘valemax’ ore carriers. Thes ...
Wednesday, 25 May 16
MEDIATION AS A WAY TO RESOLVE DISPUTES IN THE SHIPPING INDUSTRY - LANA JACOBS
KNOWLEDGE TO ELEVATE
The shipping market is currently experiencing a serious recession with the Baltic Dry Index and Baltic Capesize Index bot ...
Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
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Showing 2416 to 2420 news of total 6871 |
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- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Planning Commission, India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
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