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Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would not suit their clients in manufacturing, they said on Wednesday.
Stocks
The Japan Metal Daily on Tuesday reported that BHP Billiton, one of the world's biggest coal producers, was seeking a quarterly contract on coal in talks with Japanese steelmakers.
Their current annual contract expires on March 31.
Analysts say a quarterly contract will make it hard for Japanese steelmakers to fully pass on costs to user companies like carmakers and shipbuilders, who set sales prices annually.
| “The 40-year-old benchmark system is under threat after China rejected the miners' 2009/10 price settlement with Japan, opting to buy on the spot market” |
"We've heard there is a miner who favours a shorter contract period and that some Chinese steelmakers have not rejected the idea," Shoji Muneoka, chairman of the Japan Iron and Steel Federation, told a news conference.
"Chinese steelmakers produce a lot of construction steel, in which quarterly price changes are easier, but Japanese steelmakers supply 60-70 percent of their product to manufacturers, who wouldn't like quarterly cost fluctuations.
"We hope the miner honours the market situation, which is different from country to country."
BHP has been vocal in abandoning a benchmark system, in which the first price deal between a miner and a steelmaker sets a yardstick to be followed by the rest of the industry for a year.
The 40-year-old benchmark system is under threat after China rejected the miners' 2009/10 price settlement with Japan, opting to buy on the spot market.
Muneoka, also the president of the world's No.2 steelmaker, Nippon Steel Corp (5401.T), said the annual benchmark system has been supported by big steelmakers, including those in Japan, South Korea, Taiwan and Europe.
Source: Reuters
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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
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Showing 6031 to 6035 news of total 6871 |
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- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- The University of Queensland
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Planning Commission, India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
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