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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

Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...


Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...


Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...


Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...


Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...


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