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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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Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
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Showing 6106 to 6110 news of total 6871 |
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- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- White Energy Company Limited
- Dalmia Cement Bharat India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Parliament of New Zealand
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
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