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Friday, 29 July 22
GLENCORE TO SUPPLY COAL TO NIPPON STEEL AT $375 PER TON - BLOOMBERG
Glencore Plc, agreed to supply coal to Nippon Steel at one of the highest prices ever paid by the Japan Bloomberg reported on July 27.
According to Bloomberg, Nippon Steel Corp. agreed on an annual supply deal through March with Glencore for power plant coal at $375 per ton, according to people with knowledge of the deal, who asked not to be identified because the information is private.
The agreement is three times more expensive than similar deals done last year, and is likely one of the costliest coal contracts ever signed by a Japanese company, one of the people said, Bloomberg said.
teh report also said, spokespeople for Glencore and Nippon Steel declined to comment.
Bloomberg also noted that, Global competition for coal and natural gas is escalating as power generators move to secure additional fuel shipments amid an energy crunch. Utilities are curbing imports from Russia due to the war in Ukraine, tightening the amount of available supply and sending prices surging.
Japan has been struggling with strained electricity supplies and high demand during a recent heat wave. Nippon Steel, which uses fuel to power its industrial sites and supplies electricity to Japan’s grid, earlier this month purchased the country’s most expensive ever natural gas shipment.
Glencore is the world’s top coal shipper and profits from the power-plant fuel are at an all-time high. The resource giant is on course for a record 2022 as it cashes in on soaring prices and volatility.
Bloomberg further noted that, the Glencore deal may be used as the benchmark price for other annual supplies by thermal coal users in Asia, the people said. That will boost the cost to generate electricity, and threatens to increase power bills for businesses and households.
Australian Newcastle coal futures closed at $410.45 per ton on Tuesday on ICE Futures Europe, and touched a record earlier this year. European coal futures for next year rallied to an all-time high on Tuesday as Russia threatens to curb gas supplies to the continent, as reported by Bloomberg
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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- VISA Power Limited - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
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