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Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL


Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the price terms said, in a sign suppliers have regained the upper hand in price talks.

Xstrata, along with Peabody, had been seeking a headline price of around $US85 a tonne, effective January 2010, while buyers had aimed for a price closer to about $US75.

The outcome is in contrast to early 2009, when another Japanese utility, Chubu Electric Power Co, secured a price cut of up to 44 per cent to $US70-$US72 a tonne for the fiscal year ending March 2010, free on board. Many Japanese utilities negotiate prices based on fiscal rather than calendar years. To read more Reuters / Business spectator



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Recent News

Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal FOR power stations on the coast of China, it is often cheaper to ...


Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...


Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...


Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...


Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...


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