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, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY The  BSI  moved  in  a  downward  direction  since  last  Friday  reflecting  minor a ...


Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China. In September 2009, ASF announced a ven ...


Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...


Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...


Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...


   1212 1213 1214 1215 1216   
Showing 6066 to 6070 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 ...

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