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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, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...
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- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
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