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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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Wednesday, 03 February 16
DRY BULK MARKET CONTINUES TO BE UNDER PRESSURE - INTERMODAL
The Dry Bulk market continues to be under pressure, with the BDI remaining in search of even the slightest support, which seems to be delaying more ...
Tuesday, 02 February 16
RECORD EXPORTS THROUGH SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL MADE AT EXPENSE OF SMALLER RIVALS, IHS SAYS
Five percent increase in coal exports through South Africa’s dominant Richards Bay Coal Terminal in 2015 unlikely to accelerate country&rsquo ...
Tuesday, 02 February 16
SETTING ASIDE, STRIKING OUT AND APPEALS TO THE COURT OF APPEAL IN SHIP ARRESTS - RAJAH & TANN ASIA LLP
KNOWLEDGE TO ELEVATE
The Singapore Court of Appeal once again has had to grapple with ship arrest, setting aside and appeals to the Court unde ...
Monday, 01 February 16
DRY BULK SUFFERS FROM POSEIDON'S POTENT PRONGS - CLARKSONS
It has been a grim start to 2016 for the bulkcarrier market, with the Baltic Dry Index sliding to new record lows on almost every day of the year s ...
Monday, 01 February 16
INDONESIA'S SECOND LARGEST COAL MINER ADARO ENERGY HAS PRODUCED 51.46 MT IN 2015; 8% LOWER COMPARED TO FY14
COALspot.com: Adaro Energy, the Indonesia’s second largest coal producer by volume has produced 51.46 Mt in 2015, 8% lower compared to ...
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- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
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