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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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Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...
Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...
Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.
The country produced 400 million tonne ...
Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...
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- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Australian Coal Association
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- PTC India Limited - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
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