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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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Wednesday, 02 February 22
MARKET INSIGHT - INTERMODAL
Oil prices have rallied to the highest level since October 2014 breaking above $90/bbl recently. November 2014 was the point when OPEC unleashed pr ...
Monday, 31 January 22
HOW INDONESIA'S COAL EXPORT BAN COULD IMPACT INDIA - IEEFA
What does it mean for power generation and energy security?
Not long ago, India faced coal shortages due to a decline in domestic co ...
Sunday, 30 January 22
AIR PRODUCTS' COAL GASIFICATION PROPOSAL TRIGGERS LOOMING POLICY DISPUTES IN INDONESIA - IEEFA
Plan to substitute Indonesia’s LPG imports with dimethyl ether may be hard to realize due to conflicting business interests
In ...
Sunday, 30 January 22
ENDGAME FOR NEW COAL POWER PROJECTS? - IEEFA INDIA
Retired coal units must be replaced only by assets that can provide grid flexibility
Reportedly, an expert committee appointed by th ...
Thursday, 27 January 22
2022 - A YEAR OF REBALANCING FOR METALS AND MINING - WOOD MACKENZIE
If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, says Wood Mackenzie, a ...
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- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- White Energy Company Limited
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
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