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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, 10 August 22
THE FUTURE OF COAL: EIGHT KEY THEMES FROM THE GLOBAL COAL FORUM - WOOD MACKENZIE
Coal investors face a multi-layered and unavoidable challenge: markets distorted by war, trade constraints and the existential threat of the energy ...
Saturday, 06 August 22
SUMITOMO Q1 PROFIT RISES 45% ON STRONGER PRICES OF COAL, NICKEL - REUTERS
Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher price ...
Saturday, 06 August 22
GERMANY'S ENERGY U-TURN: COAL INSTEAD OF GAS - DEUTSCHE WELLE
Berlin has realized it will never again import as much energy from Russia as before the Ukraine war. So the challenge is to wean Germany off its de ...
Saturday, 30 July 22
NUANCES OF FORCE MAJEURE CLAUSE - BALTIC EXCHANGE
Knowledge to Elevate
In NKD Maritime Limited v. Bart Maritime (No 2) Inc (Shagang Giant) [2022] EWHC 1615 (Comm), Bart Maritime (No 2) Inc (th ...
Saturday, 30 July 22
AEMO URGES QUICKER SHIFT TO RENEWABLES AMID COAL FAILURES AND SOARING FOSSIL FUEL COSTS
The Australian Energy Market Operator has called for an accelerated shift to wind and solar, backed up by batteries and other storage, as a devasta ...
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- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
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