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

Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...


Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...


Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...


Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...


Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010 * China, India seen investing in southern Africa assets Asian imports of steam coal will ...


   1208 1209 1210 1211 1212   
Showing 6046 to 6050 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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