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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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Sunday, 06 September 15
AUTOMATION AND TECHNOLOGY IS CERTAINLY PART OF THE SOLUTION FOR IMPROVING PERFORMANCE AND EFFICIENCY TO MAKE THE MINE OPERATIONS MORE PROFITABLE, HOWEVER............ - LUKE JALSEVAC
"The Technology and Innovation in Mining 2015" production team at Information Exchange Group interviewed Luke Jalsevac, Director, Busines ...
Sunday, 06 September 15
THE CAPE SIZE INDEX ROSE 10.83 PER CENT WEEK OVER WEEK
COALspot.com: The BDI, the Baltic exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, declined o ...
Saturday, 05 September 15
DRY BULK MARKET MAY SUFFER NOW, BUT IS BOUND FOR A RECOVERY THANKS TO A LIMITED FUTURE FLEET GROWTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The slow increase of dry bulk tonnage growth this year could turn into a solid indicator of the market’s future prospects. According to a rec ...
Friday, 04 September 15
U.S. COAL PRODUCTION FOR THE W/E AUGUST 29, UP SLIGHTLY; FALL 4.5 PERCENT Y-Y: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.7 million shor ...
Friday, 04 September 15
GOVERNORS WILL HAVE THE POWER TO REVOKE MINERS' PERMITS: ENERGY MINISTRY - JG
Starting Oct. 1, Indonesia's governors will lawfully become "executors" in revoking the licenses of miners that fail to secure a &quo ...
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- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- The University of Queensland
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Australian Coal Association
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
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