About Us
globalCOAL is the world's leading online coal trading platform, providing a fast, effective and transparent route to the international physical and financial coal markets.
History
globalCOAL was founded by leading members of the world coal industry to promote the development of the coal markets through screen trading of standardised coal products.
Its mission has been achieved through three major innovations. Firstly, globalCOAL defined a range of standardised coal quality specifications, which was then imbedded in its Standard Coal Trading Agreement (SCoTA®) - now widely established as the contract of choice for the sale and purchase of seaborne thermal coal. Secondly, globalCOAL developed an online trading platform which enables market participants to trade standardised coal contracts efficiently, anonymously but with full price and volume transparency. Finally, globalCOAL created a robust methodology for coal price index calculation, which led to the establishment of the NEWC Index as the leading benchmark for coal price in Asia-Pacific.
In 2008, globalCOAL formed a licensing and marketing agreement with leading energy exchange ICE Futures Europe to develop the coal Futures market.
Driving Principles
globalCOAL prides itself on operating within the following principles:
| CONFIDENTIALITY: | globalCOAL is renowned for its market integrity. No sensitive information is ever released to shareholders or third parties.
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| NEUTRALITY: | globalCOAL favours neither consumers, producers nor traders.
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| OPEN ACCESS AND TRANSPARENCY: | globalCOAL systems are available to all market participants who join as Market Members. globalCOAL promotes the dissemination of market information and the use of objective, transparent indices for price discovery.
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| INDEPENDENCE: | globalCOAL is a distinct entity with a management structure independent from its shareholders'.
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Our Shareholders
globalCOAL is backed by some of the world's leading coal market participants.
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