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

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 ...


   1211 1212 1213 1214 1215   
Showing 6061 to 6065 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 ...

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