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Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
.jpg) Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010, with customers in Europe, China, India and Japan.
The world’s number-one coking coal miner said that the deals were based on a “structural change” to shorter-term market-based pricing for the contract period.
The settlements reflected the company’s commitment to achieving market-clearing prices over time, across all its bulk commodities, said BHP Billiton, led by CEO Marius Kloppers.
The diversified mining company did not disclose the terms of the agreements with the European and Asian clients.
However, on Friday, newswire Reuters quoted Japanese steelmaker JFE Holdings as saying that it had agreed a coking coal price of $200/t for April to June.
The price for the three-month contract period represented a 55% increase from the benchmark price for the 2009/10 financial year of $129/t, Reuters reported.
BHP Billiton primarily produces and markets high-quality hard coking coals for the international steel industry. In addition, it supplies a wide range of other coal qualities to satisfy specific customer requirements.
The company’s metallurgical coal assets are located in areas with seaborne access to key steel producing regions. The group has access to dedicated deep-water ports allowing the use of large capacity vessels to further build on regional logistic advantages.
Source: Mining Weekly By: Esmarie Swanepoel Edited by: Mariaan Webb
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Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
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- Coastal Gujarat Power Limited - India
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- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
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- Bayan Resources Tbk. - Indonesia
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- The Treasury - Australian Government
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- IHS Mccloskey Coal Group - USA
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- TNB Fuel Sdn Bhd - Malaysia
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- Edison Trading Spa - Italy
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- Ministry of Mines - Canada
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- Wood Mackenzie - Singapore
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- Planning Commission, India
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- Minerals Council of Australia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Economic Council, Georgia
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- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
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- Antam Resourcindo - Indonesia
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- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
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- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
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- Global Green Power PLC Corporation, Philippines
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- Energy Link Ltd, New Zealand
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- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
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- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
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- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
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- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
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- Ministry of Transport, Egypt
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- India Bulls Power Limited - India
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- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
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- Indian Energy Exchange, India
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- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Deloitte Consulting - India
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- Ceylon Electricity Board - Sri Lanka
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- Carbofer General Trading SA - India
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