COALspot.com keeps you connected across the coal world
  • MAY 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.86 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

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


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Friday, 29 June 18
JAPAN'S TOHOKU ELEC, GLENCORE ABANDON APRIL-MARCH COAL CONTRACT TALKS - REUTERS
ReutersJapan’s Tohoku Electric Power Co Inc and Glencore Plc have abandoned talks on annual thermal coal supplies after failing to reach an agreement, the first time in decades the talks have broken down.
 
Tohoku Electric said on Tuesday that the negotiations with Glencore, the world’s biggest exporter of seaborne thermal coal, ended without an agreement after protracted negotiations on supplies from April 2018 to March 2019.
 
“We could not reach an agreement with Glencore on the April to March annual contract,” a spokesman for the Japanese utility company said, citing their inability to agree on terms such as price and volume.
 
“We will negotiate with Glencore for other contracts of coal as needed,” he said, adding that Tohoku has settled some annual contracts with other Australian suppliers.
 
A Glencore spokesman in Australia said no comment when contacted by Reuters.
 
But a senior Glencore official, who declined to be identified, said the talks failed because of price disagreements so they decided to skip this round and Tohoku has already covered its needs.
 
Multiple industry sources said the producer and the utility were not able to reach an agreement on pricing as Tohoku, like its peers, is seeking to cut costs amid increased competition in Japan’s electricity market.
 
Benchmark thermal coal prices also surged to their highest since 2012 while the negotiations were taking place, making the talks more complex, the sources said.
 
The price for thermal coal agreed to by Tohoku and Glencore is used as a benchmark for other Japanese utilities and manufacturers and the breakdown in talks surprised other coal buyers.
 
“This is the first time in my memory that the talks over an annual coal contract between a Japanese major utility and a key Australian supplier were broken off,” said a coal buyer with more than three decades of experience.
 
“The absence of the reference price means that other buyers will need to negotiate with their suppliers without any guidance,” a coal trader based in Tokyo said.
 
The April to March long-term contracts between Australian suppliers and Japanese utilities have traditionally accounted for a major part of Japan’s annual thermal coal imports of about 115 million tonnes. But the volume under the long-term contracts has been declining in recent years as utilities tried to diversify their sources, according to multiple industry sources.
 
Japanese utilities usually pay a premium to secure high-quality supplies from Australia on long-term contracts as they prefer coal with a higher energy content to generate electricity more efficiently and with less environmental harm.
Source: Reuters 


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

Recent News

Wednesday, 22 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
The ship repair sector is showing a constant and gradual increase on the workload throughout the past months, with almost all the shipyards worldwi ...


Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
Capesize The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week&r ...


Friday, 17 May 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...


Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5472
News by Category
Popular News
 
Total Members : 26,167
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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