COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...


Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...


Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter" The Decembe ...


Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...


Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in  India ...


   1209 1210 1211 1212 1213   
Showing 6051 to 6055 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Sindya Power Generating Company Private Ltd
  • Credit Suisse - India
  • KOWEPO - South Korea
  • Alfred C Toepfer International GmbH - Germany
  • PTC India Limited - India
  • Moodys - Singapore
  • GVK Power & Infra Limited - India
  • MS Steel International - UAE
  • CNBM International Corporation - China
  • Ministry of Finance - Indonesia
  • Geoservices-GeoAssay Lab
  • Miang Besar Coal Terminal - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Makarim & Taira - Indonesia
  • KEPCO - South Korea
  • ACC Limited - India
  • Metalloyd Limited - United Kingdom
  • Energy Development Corp, Philippines
  • Therma Luzon, Inc, Philippines
  • Fearnleys - India
  • Orica Australia Pty. Ltd.
  • Permata Bank - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Attock Cement Pakistan Limited
  • San Jose City I Power Corp, Philippines
  • Berau Coal - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Directorate Of Revenue Intelligence - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Gupta Coal India Ltd
  • Xindia Steels Limited - India
  • Power Finance Corporation Ltd., India
  • Renaissance Capital - South Africa
  • Lanco Infratech Ltd - India
  • Ministry of Transport, Egypt
  • Cargill India Pvt Ltd
  • Central Electricity Authority - India
  • Rashtriya Ispat Nigam Limited - India
  • Electricity Authority, New Zealand
  • Orica Mining Services - Indonesia
  • Global Business Power Corporation, Philippines
  • Karaikal Port Pvt Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Chamber of Mines of South Africa
  • Mechel - Russia
  • Krishnapatnam Port Company Ltd. - India
  • Oldendorff Carriers - Singapore
  • Economic Council, Georgia
  • Pinang Coal Indonesia
  • Merrill Lynch Commodities Europe
  • Savvy Resources Ltd - HongKong
  • Riau Bara Harum - Indonesia
  • Kideco Jaya Agung - Indonesia
  • JPMorgan - India
  • Barclays Capital - USA
  • HSBC - Hong Kong
  • Adani Power Ltd - India
  • Barasentosa Lestari - Indonesia
  • Wood Mackenzie - Singapore
  • TRAFIGURA, South Korea
  • TNPL - India
  • Marubeni Corporation - India
  • Minerals Council of Australia
  • Freeport Indonesia
  • Malabar Cements Ltd - India
  • PLN - Indonesia
  • Mercator Lines Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Carbofer General Trading SA - India
  • Sojitz Corporation - Japan
  • Salva Resources Pvt Ltd - India
  • Interocean Group of Companies - India
  • Maybank - Singapore
  • Tata Chemicals Ltd - India
  • TGV SRAAC LIMITED, India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Vale Mozambique
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Ernst & Young Pvt. Ltd.
  • NTPC Limited - India
  • Cardiff University - UK
  • Britmindo - Indonesia
  • Humpuss - Indonesia
  • Panama Canal Authority
  • PLN Batubara - Indonesia
  • IEA Clean Coal Centre - UK
  • Neyveli Lignite Corporation Ltd, - India
  • Meralco Power Generation, Philippines
  • ANZ Bank - Australia
  • GB Group - China
  • MEC Coal - Indonesia
  • Ambuja Cements Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Uttam Galva Steels Limited - India
  • Coal and Oil Company - UAE
  • Electricity Generating Authority of Thailand
  • Planning Commission, India
  • Jatenergy - Australia
  • Coaltrans Conferences
  • Siam City Cement PLC, Thailand
  • Indorama - Singapore
  • SASOL - South Africa
  • CESC Limited - India
  • Bank of China, Malaysia
  • CIMB Investment Bank - Malaysia
  • The State Trading Corporation of India Ltd
  • Madhucon Powers Ltd - India
  • Thailand Anthracite
  • Sucofindo - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Coal India Limited
  • SN Aboitiz Power Inc, Philippines
  • Star Paper Mills Limited - India
  • Simpson Spence & Young - Indonesia
  • Coeclerici Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Sarangani Energy Corporation, Philippines
  • NALCO India
  • London Commodity Brokers - England
  • Standard Chartered Bank - UAE
  • Leighton Contractors Pty Ltd - Australia
  • Cosco
  • Gujarat Mineral Development Corp Ltd - India
  • VISA Power Limited - India
  • Kumho Petrochemical, South Korea
  • Kalimantan Lumbung Energi - Indonesia
  • The University of Queensland
  • Dalmia Cement Bharat India
  • Mitsui
  • Reliance Power - India
  • Thiess Contractors Indonesia
  • Africa Commodities Group - South Africa
  • Xstrata Coal
  • ICICI Bank Limited - India
  • Inspectorate - India
  • Tamil Nadu electricity Board
  • Rio Tinto Coal - Australia
  • TeaM Sual Corporation - Philippines
  • Posco Energy - South Korea
  • ING Bank NV - Singapore
  • Ind-Barath Power Infra Limited - India
  • Formosa Plastics Group - Taiwan
  • Sinarmas Energy and Mining - Indonesia
  • Ince & co LLP
  • Edison Trading Spa - Italy
  • Gujarat Sidhee Cement - India
  • Port Waratah Coal Services - Australia
  • Maruti Cements - India
  • Intertek Mineral Services - Indonesia
  • Shenhua Group - China
  • Maharashtra Electricity Regulatory Commission - India
  • RBS Sempra - UK
  • Bukit Asam (Persero) Tbk - Indonesia
  • Platou - Singapore
  • Aditya Birla Group - India
  • Enel Italy
  • International Coal Ventures Pvt Ltd - India
  • Bangladesh Power Developement Board
  • Asmin Koalindo Tuhup - Indonesia
  • Independent Power Producers Association of India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Billiton Holdings Pty Ltd - Australia
  • Indonesia Power. PT
  • Grasim Industreis Ltd - India
  • New Zealand Coal & Carbon
  • Russian Coal LLC
  • Kartika Selabumi Mining - Indonesia
  • ASAPP Information Group - India
  • Arch Coal - USA
  • Vedanta Resources Plc - India
  • McConnell Dowell - Australia
  • LBH Netherlands Bv - Netherlands
  • WorleyParsons
  • Cement Manufacturers Association - India
  • Mercuria Energy - Indonesia
  • U S Energy Resources
  • Gresik Semen - Indonesia
  • UOB Asia (HK) Ltd
  • BNP Paribas - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • Petron Corporation, Philippines
  • SMC Global Power, Philippines
  • Infraline Energy - India
  • Bukit Makmur.PT - Indonesia
  • Noble Europe Ltd - UK
  • Tanito Harum - Indonesia
  • Thermax Limited - India
  • GAC Shipping (India) Pvt Ltd
  • Singapore Mercantile Exchange
  • Indonesian Coal Mining Association
  • Samtan Co., Ltd - South Korea
  • KPMG - USA
  • OCBC - Singapore
  • Jorong Barutama Greston.PT - Indonesia
  • Bangkok Bank PCL
  • Jindal Steel & Power Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Coal Orbis AG
  • EMO - The Netherlands
  • Global Coal Blending Company Limited - Australia
  • GMR Energy Limited - India
  • Georgia Ports Authority, United States
  • APGENCO India
  • Clarksons - UK
  • JPower - Japan
  • Bharathi Cement Corporation - India
  • Tata Power - India
  • Iligan Light & Power Inc, Philippines
  • Total Coal South Africa
  • Vizag Seaport Private Limited - India
  • Merrill Lynch Bank
  • Idemitsu - Japan
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Eastern Coal Council - USA
  • The India Cements Ltd
  • India Bulls Power Limited - India
  • Sakthi Sugars Limited - India
  • Petrosea - Indonesia
  • Peabody Energy - USA
  • Toyota Tsusho Corporation, Japan
  • Indika Energy - Indonesia
  • World Bank
  • South Luzon Thermal Energy Corporation
  • PetroVietnam Power Coal Import and Supply Company
  • Indian Oil Corporation Limited
  • European Bulk Services B.V. - Netherlands
  • Latin American Coal - Colombia
  • Maheswari Brothers Coal Limited - India
  • Cebu Energy, Philippines
  • Sical Logistics Limited - India
  • Eastern Energy - Thailand
  • Asia Cement - Taiwan
  • Glencore India Pvt. Ltd
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Thai Mozambique Logistica
  • Straits Asia Resources Limited - Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Semirara Mining Corp, Philippines
  • Coastal Gujarat Power Limited - India
  • Argus Media - Singapore
  • McKinsey & Co - India
  • GNFC Limited - India
  • Agrawal Coal Company - India
  • Platts
  • Cigading International Bulk Terminal - Indonesia
  • GHCL Limited - India
  • Anglo American - United Kingdom
  • Kobexindo Tractors - Indoneisa
  • Runge Indonesia
  • Goldman Sachs - Singapore
  • SUEK AG - Indonesia
  • Trasteel International SA, Italy
  • Directorate General of MIneral and Coal - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Chettinad Cement Corporation Ltd - India
  • Mintek Dendrill Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • ETA - Dubai
  • Bhoruka Overseas - Indonesia
  • IMC Shipping - Singapore
  • Core Mineral Indonesia
  • Mitsubishi Corporation
  • Inco-Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Larsen & Toubro Limited - India
  • Baramulti Group, Indonesia
  • Romanian Commodities Exchange
  • Maersk Broker
  • UBS Singapore
  • Kobe Steel Ltd - Japan
  • Shree Cement - India
  • Bank of America
  • Mitra SK Pvt Ltd - India
  • Commonwealth Bank - Australia
  • Binh Thuan Hamico - Vietnam
  • EIA - United States
  • Videocon Industries ltd - India
  • PNOC Exploration Corporation - Philippines
  • Medco Energi Mining Internasional
  • Sree Jayajothi Cements Limited - India
  • CCIC - Indonesia
  • Heidelberg Cement - Germany
  • Rudhra Energy - India
  • Qatrana Cement - Jordan
  • Australian Commodity Traders Exchange
  • Arutmin Indonesia
  • DBS Bank - Singapore
  • SRK Consulting
  • Malco - India
  • BRS Brokers - Singapore
  • Samsung - South Korea
  • Holcim Trading Pte Ltd - Singapore
  • IBC Asia (S) Pte Ltd
  • Global Green Power PLC Corporation, Philippines
  • Deutsche Bank - India
  • Meenaskhi Energy Private Limited - India
  • Japan Coal Energy Center
  • Cemex - Philippines
  • Australian Coal Association
  • Mjunction Services Limited - India
  • Parry Sugars Refinery, India
  • IOL Indonesia
  • Deloitte Consulting - India
  • Indian School of Mines
  • SMG Consultants - Indonesia
  • TANGEDCO India
  • Indian Energy Exchange, India
  • IHS Mccloskey Coal Group - USA
  • Semirara Mining and Power Corporation, Philippines
  • Price Waterhouse Coopers - Russia
  • Bukit Baiduri Energy - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • J M Baxi & Co - India
  • Essar Steel Hazira Ltd - India
  • Asian Development Bank
  • OPG Power Generation Pvt Ltd - India
  • Lafarge - France
  • Vitol - Bahrain
  • Energy Link Ltd, New Zealand
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Borneo Indobara - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • CoalTek, United States
  • Parliament of New Zealand
  • Aboitiz Power Corporation - Philippines
  • Surastha Cement
  • Ministry of Mines - Canada
  • KPCL - India
  • Antam Resourcindo - Indonesia
  • Indogreen Group - Indonesia
  • Jaiprakash Power Ventures ltd
  • Bhatia International Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Thriveni
  • Wilmar Investment Holdings
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • World Coal - UK
  • The Treasury - Australian Government
  • SGS (Thailand) Limited
  • Thomson Reuters GRC
  • Bhushan Steel Limited - India
  • Banpu Public Company Limited - Thailand
  • Coalindo Energy - Indonesia
  • Altura Mining Limited, Indonesia
  • Bulk Trading Sa - Switzerland
  • Karbindo Abesyapradhi - Indoneisa
  • PetroVietnam
  • Central Java Power - Indonesia
  • White Energy Company Limited
  • globalCOAL - UK
  • Adaro Indonesia
  • Kepco SPC Power Corporation, Philippines
  • bp singapore
  • PowerSource Philippines DevCo
  • Siam City Cement - Thailand