COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS


Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would not suit their clients in manufacturing, they said on Wednesday.

Stocks

The Japan Metal Daily on Tuesday reported that BHP Billiton, one of the world's biggest coal producers, was seeking a quarterly contract on coal in talks with Japanese steelmakers.

Their current annual contract expires on March 31.

Analysts say a quarterly contract will make it hard for Japanese steelmakers to fully pass on costs to user companies like carmakers and shipbuilders, who set sales prices annually.

“The 40-year-old benchmark system is under threat after China rejected the miners' 2009/10 price settlement with Japan, opting to buy on the spot market”
"We've heard there is a miner who favours a shorter contract period and that some Chinese steelmakers have not rejected the idea," Shoji Muneoka, chairman of the Japan Iron and Steel Federation, told a news conference.

"Chinese steelmakers produce a lot of construction steel, in which quarterly price changes are easier, but Japanese steelmakers supply 60-70 percent of their product to manufacturers, who wouldn't like quarterly cost fluctuations.

"We hope the miner honours the market situation, which is different from country to country."

BHP has been vocal in abandoning a benchmark system, in which the first price deal between a miner and a steelmaker sets a yardstick to be followed by the rest of the industry for a year.

The 40-year-old benchmark system is under threat after China rejected the miners' 2009/10 price settlement with Japan, opting to buy on the spot market.

Muneoka, also the president of the world's No.2 steelmaker, Nippon Steel Corp (5401.T), said the annual benchmark system has been supported by big steelmakers, including those in Japan, South Korea, Taiwan and Europe.
Source: Reuters



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged * April DES cargo trades at $74.75 a tonne, down $1/T * Russia's Kuzbassrazrezugol sees ...


Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...


Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...


Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed. The opinion of the Sri Lankan atto ...


Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract". Under the deal, the firm ...


   1202 1203 1204 1205 1206   
Showing 6016 to 6020 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Gujarat Electricity Regulatory Commission - India
  • Britmindo - Indonesia
  • Jaiprakash Power Ventures ltd
  • Krishnapatnam Port Company Ltd. - India
  • Savvy Resources Ltd - HongKong
  • Asmin Koalindo Tuhup - Indonesia
  • Idemitsu - Japan
  • Samsung - South Korea
  • Singapore Mercantile Exchange
  • TeaM Sual Corporation - Philippines
  • Permata Bank - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • PNOC Exploration Corporation - Philippines
  • Thailand Anthracite
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Inco-Indonesia
  • TANGEDCO India
  • Parry Sugars Refinery, India
  • Coaltrans Conferences
  • Freeport Indonesia
  • Moodys - Singapore
  • Sree Jayajothi Cements Limited - India
  • Electricity Generating Authority of Thailand
  • Global Business Power Corporation, Philippines
  • BRS Brokers - Singapore
  • Bukit Baiduri Energy - Indonesia
  • Bharathi Cement Corporation - India
  • SMG Consultants - Indonesia
  • Mitsubishi Corporation
  • SGS (Thailand) Limited
  • Indian Oil Corporation Limited
  • Bahari Cakrawala Sebuku - Indonesia
  • APGENCO India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Barasentosa Lestari - Indonesia
  • Berau Coal - Indonesia
  • Renaissance Capital - South Africa
  • Bhatia International Limited - India
  • Gresik Semen - Indonesia
  • KPMG - USA
  • ICICI Bank Limited - India
  • Ernst & Young Pvt. Ltd.
  • Formosa Plastics Group - Taiwan
  • Barclays Capital - USA
  • Holcim Trading Pte Ltd - Singapore
  • TRAFIGURA, South Korea
  • Geoservices-GeoAssay Lab
  • Shree Cement - India
  • Tata Chemicals Ltd - India
  • Tata Power - India
  • McConnell Dowell - Australia
  • Bhushan Steel Limited - India
  • UBS Singapore
  • Kideco Jaya Agung - Indonesia
  • Core Mineral Indonesia
  • Vedanta Resources Plc - India
  • Cosco
  • Indian Energy Exchange, India
  • Bangladesh Power Developement Board
  • Mercuria Energy - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Petrochimia International Co. Ltd.- Taiwan
  • Neyveli Lignite Corporation Ltd, - India
  • Ambuja Cements Ltd - India
  • Mitsui
  • Rudhra Energy - India
  • Thomson Reuters GRC
  • Clarksons - UK
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • ASAPP Information Group - India
  • Cement Manufacturers Association - India
  • EIA - United States
  • Tamil Nadu electricity Board
  • GHCL Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Madhucon Powers Ltd - India
  • Attock Cement Pakistan Limited
  • Dalmia Cement Bharat India
  • Tanito Harum - Indonesia
  • Ministry of Transport, Egypt
  • London Commodity Brokers - England
  • Gupta Coal India Ltd
  • Energy Development Corp, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Medco Energi Mining Internasional
  • Asian Development Bank
  • PLN - Indonesia
  • PetroVietnam
  • International Coal Ventures Pvt Ltd - India
  • Maheswari Brothers Coal Limited - India
  • Toyota Tsusho Corporation, Japan
  • Globalindo Alam Lestari - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Mjunction Services Limited - India
  • Binh Thuan Hamico - Vietnam
  • Bukit Asam (Persero) Tbk - Indonesia
  • Economic Council, Georgia
  • Jatenergy - Australia
  • Karaikal Port Pvt Ltd - India
  • Videocon Industries ltd - India
  • Iligan Light & Power Inc, Philippines
  • Inspectorate - India
  • Coal and Oil Company - UAE
  • J M Baxi & Co - India
  • Planning Commission, India
  • Semirara Mining and Power Corporation, Philippines
  • Ince & co LLP
  • Bhoruka Overseas - Indonesia
  • bp singapore
  • ING Bank NV - Singapore
  • IOL Indonesia
  • CESC Limited - India
  • CIMB Investment Bank - Malaysia
  • Aditya Birla Group - India
  • Global Green Power PLC Corporation, Philippines
  • Arutmin Indonesia
  • Xindia Steels Limited - India
  • Central Java Power - Indonesia
  • U S Energy Resources
  • Deutsche Bank - India
  • Mitra SK Pvt Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Eastern Coal Council - USA
  • Bukit Makmur.PT - Indonesia
  • Xstrata Coal
  • HSBC - Hong Kong
  • Indogreen Group - Indonesia
  • Rio Tinto Coal - Australia
  • Grasim Industreis Ltd - India
  • Latin American Coal - Colombia
  • Surastha Cement
  • Sarangani Energy Corporation, Philippines
  • Wood Mackenzie - Singapore
  • Platts
  • EMO - The Netherlands
  • Thriveni
  • Humpuss - Indonesia
  • Siam City Cement - Thailand
  • Coal Orbis AG
  • Ministry of Mines - Canada
  • Vijayanagar Sugar Pvt Ltd - India
  • Indonesian Coal Mining Association
  • SRK Consulting
  • Antam Resourcindo - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Energy Link Ltd, New Zealand
  • Ministry of Finance - Indonesia
  • Intertek Mineral Services - Indonesia
  • Goldman Sachs - Singapore
  • Georgia Ports Authority, United States
  • Deloitte Consulting - India
  • World Coal - UK
  • KEPCO - South Korea
  • Merrill Lynch Bank
  • Agrawal Coal Company - India
  • SASOL - South Africa
  • Cemex - Philippines
  • OPG Power Generation Pvt Ltd - India
  • Indika Energy - Indonesia
  • Heidelberg Cement - Germany
  • NALCO India
  • AsiaOL BioFuels Corp., Philippines
  • Anglo American - United Kingdom
  • Noble Europe Ltd - UK
  • GMR Energy Limited - India
  • NTPC Limited - India
  • Electricity Authority, New Zealand
  • Parliament of New Zealand
  • Oldendorff Carriers - Singapore
  • Trasteel International SA, Italy
  • Therma Luzon, Inc, Philippines
  • Aboitiz Power Corporation - Philippines
  • Pendopo Energi Batubara - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Credit Suisse - India
  • Salva Resources Pvt Ltd - India
  • Uttam Galva Steels Limited - India
  • South Luzon Thermal Energy Corporation
  • Fearnleys - India
  • Platou - Singapore
  • IEA Clean Coal Centre - UK
  • Thai Mozambique Logistica
  • Ceylon Electricity Board - Sri Lanka
  • India Bulls Power Limited - India
  • Commonwealth Bank - Australia
  • Thermax Limited - India
  • Coal India Limited
  • Cardiff University - UK
  • Riau Bara Harum - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • ANZ Bank - Australia
  • Mintek Dendrill Indonesia
  • Enel Italy
  • Sical Logistics Limited - India
  • Independent Power Producers Association of India
  • Simpson Spence & Young - Indonesia
  • Japan Coal Energy Center
  • PetroVietnam Power Coal Import and Supply Company
  • JPower - Japan
  • Vitol - Bahrain
  • Indian School of Mines
  • GNFC Limited - India
  • Shenhua Group - China
  • Rashtriya Ispat Nigam Limited - India
  • Sucofindo - Indonesia
  • Altura Mining Limited, Indonesia
  • Malco - India
  • Port Waratah Coal Services - Australia
  • Gujarat Mineral Development Corp Ltd - India
  • Argus Media - Singapore
  • Global Coal Blending Company Limited - Australia
  • Kumho Petrochemical, South Korea
  • Interocean Group of Companies - India
  • Arch Coal - USA
  • Power Finance Corporation Ltd., India
  • European Bulk Services B.V. - Netherlands
  • Essar Steel Hazira Ltd - India
  • globalCOAL - UK
  • Wilmar Investment Holdings
  • Indorama - Singapore
  • Kartika Selabumi Mining - Indonesia
  • RBS Sempra - UK
  • Indonesia Power. PT
  • DBS Bank - Singapore
  • Cebu Energy, Philippines
  • Panama Canal Authority
  • Straits Asia Resources Limited - Singapore
  • Posco Energy - South Korea
  • Alfred C Toepfer International GmbH - Germany
  • Minerals Council of Australia
  • The India Cements Ltd
  • Kaltim Prima Coal - Indonesia
  • Qatrana Cement - Jordan
  • Adaro Indonesia
  • Meralco Power Generation, Philippines
  • Cargill India Pvt Ltd
  • Bulk Trading Sa - Switzerland
  • The Treasury - Australian Government
  • Kalimantan Lumbung Energi - Indonesia
  • Malabar Cements Ltd - India
  • PLN Batubara - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • WorleyParsons
  • Edison Trading Spa - Italy
  • Reliance Power - India
  • Kobe Steel Ltd - Japan
  • Bank of China, Malaysia
  • Petrosea - Indonesia
  • Africa Commodities Group - South Africa
  • Total Coal South Africa
  • Banpu Public Company Limited - Thailand
  • Karbindo Abesyapradhi - Indoneisa
  • Australian Coal Association
  • San Jose City I Power Corp, Philippines
  • Peabody Energy - USA
  • Price Waterhouse Coopers - Russia
  • CCIC - Indonesia
  • Petron Corporation, Philippines
  • Orica Mining Services - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • PowerSource Philippines DevCo
  • Samtan Co., Ltd - South Korea
  • Chamber of Mines of South Africa
  • Borneo Indobara - Indonesia
  • Asia Cement - Taiwan
  • KOWEPO - South Korea
  • MEC Coal - Indonesia
  • Siam City Cement PLC, Thailand
  • MS Steel International - UAE
  • Eastern Energy - Thailand
  • Bank of America
  • Baramulti Group, Indonesia
  • GB Group - China
  • Directorate Of Revenue Intelligence - India
  • PTC India Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • GVK Power & Infra Limited - India
  • Glencore India Pvt. Ltd
  • TNPL - India
  • Jorong Barutama Greston.PT - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Maharashtra Electricity Regulatory Commission - India
  • The University of Queensland
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Maersk Broker
  • Cigading International Bulk Terminal - Indonesia
  • Lafarge - France
  • Gujarat Sidhee Cement - India
  • ACC Limited - India
  • Coeclerici Indonesia
  • JPMorgan - India
  • Runge Indonesia
  • Orica Australia Pty. Ltd.
  • Coalindo Energy - Indonesia
  • SMC Global Power, Philippines
  • The State Trading Corporation of India Ltd
  • IHS Mccloskey Coal Group - USA
  • Maybank - Singapore
  • Sojitz Corporation - Japan
  • BNP Paribas - Singapore
  • Coastal Gujarat Power Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Sakthi Sugars Limited - India
  • Star Paper Mills Limited - India
  • Romanian Commodities Exchange
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Lanco Infratech Ltd - India
  • Vale Mozambique
  • Vizag Seaport Private Limited - India
  • Bangkok Bank PCL
  • Sindya Power Generating Company Private Ltd
  • White Energy Company Limited
  • KPCL - India
  • IBC Asia (S) Pte Ltd
  • Jindal Steel & Power Ltd - India
  • Standard Chartered Bank - UAE
  • UOB Asia (HK) Ltd
  • TGV SRAAC LIMITED, India
  • Merrill Lynch Commodities Europe
  • Makarim & Taira - Indonesia
  • Pinang Coal Indonesia
  • Marubeni Corporation - India
  • Larsen & Toubro Limited - India
  • LBH Netherlands Bv - Netherlands
  • Central Electricity Authority - India
  • Miang Besar Coal Terminal - Indonesia
  • Carbofer General Trading SA - India
  • Kohat Cement Company Ltd. - Pakistan
  • Meenaskhi Energy Private Limited - India
  • Infraline Energy - India
  • Thiess Contractors Indonesia
  • IMC Shipping - Singapore
  • Metalloyd Limited - United Kingdom
  • ETA - Dubai
  • New Zealand Coal & Carbon
  • CoalTek, United States
  • VISA Power Limited - India
  • World Bank
  • Kobexindo Tractors - Indoneisa
  • Manunggal Multi Energi - Indonesia
  • Australian Commodity Traders Exchange
  • Semirara Mining Corp, Philippines
  • Adani Power Ltd - India
  • Mechel - Russia
  • CNBM International Corporation - China
  • McKinsey & Co - India
  • Mercator Lines Limited - India
  • OCBC - Singapore
  • SUEK AG - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Ind-Barath Power Infra Limited - India
  • Maruti Cements - India
  • Russian Coal LLC