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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
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Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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- Sarangani Energy Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Australian Coal Association
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
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- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Mjunction Services Limited - India
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- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- GAC Shipping (India) Pvt Ltd
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- Price Waterhouse Coopers - Russia
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- Standard Chartered Bank - UAE
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- White Energy Company Limited
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- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
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- Romanian Commodities Exchange
- Planning Commission, India
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- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
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- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
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