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globalCOAL Expands its Metallurgical Coal Offering with New Premium Low-Vol Product

globalCOAL Expands its Metallurgical Coal Offering with New Premium Low-Vol Product

LONDON AND SINGAPORE – 12 September 2019

globalCOAL announces today that it is introducing spot and forward markets for premium low volatile coking coal on its online coal trading platform, starting 9th October 2019.

The new product, ‘HCCLV’, will initially allow delivery of BHP Mitsubishi Alliance (BMA) Saraji Coking Coal and Peak Downs Coking Coal on a FOB Australia basis.

HCCLV bolsters globalCOAL’s Australian origin metallurgical coal offering, which already includes successful markets in premium medium volatile coking coal (‘HCCA’). More than 9.1 million tonnes of physical HCCA coal have been transacted on the globalCOAL platform since the launch of the product in October 2015.

Additionally following consultation with the market, a revised version of HCCA will be effective from 6th January 2020 to ensure that the Relevant Standard Specification of the product offering are aligned with market requirements.

“Price visibility is a major issue in the coking coal market”, commented Philip Shawcross, Head of Metallurgical Coal at globalCOAL. “Bringing the trade of premium low-vol coals onto a transparent online environment will make a significant difference to the amount of reliable pricing information available to market participants – as well as facilitate the spot trade of these coals.”

Martin Abbott, CEO of globalCOAL, added: “globalCOAL’s product portfolio already spans the world’s most liquid seaborne thermal coal hubs. Our metallurgical coal offering continues to grow, trading volumes are increasing, and we will continue to reflect the market realities with our product development.”




About globalCOAL®


globalCOAL provides a venue for online trading of thermal and metallurgical coal. Its standard specifications and delivery terms and conditions (SCoTA®) enable quick and efficient transactions, whether online or offline. The reliable and objective data its trading platform generates has helped bring much needed transparency and price visibility in the seaborne thermal and metallurgical coal markets. For more information, please visit




Philip Shawcross                                                  Alison Ellmann

Head of Metallurgical Coal                                Marketing & Communications         

T  +44 20 7776 5914 (London)                          T  +44 20 7776 5905 (London)

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globalCOAL launches new Benchmark Oversight Committee


LONDON & SINGAPORE -- 11 June 2019


As part of its commitment to providing robust price indices, globalCOAL has further strengthened its compliance structure with the addition of a Benchmark Oversight Committee.


The Benchmark Oversight Committee’s primary task will be to assess and challenge any globalCOAL decisions relating to the accurate formation of its indices, such as the exclusion of orders from the platform or of screen data from the benchmarks, and actions taken against parties involved. It will also handle any Market Member complaints concerning such matters.


Importantly, members of the Benchmark Oversight Committee will be completely independent from globalCOAL’s management, and from any of the company’s shareholders or Market Members. This will allow the Committee to be free of potential conflicts of interests in its assessments and decision-making. 


The Committee will initially comprise:


  • Marc Bailey (Chair): Marc is a commodities and capital markets professional with over 30 years’ experience, and has been Independent Non-Executive Director of globalCOAL (and Chair of its Compliance Committee) since 2017.
  • Phillip Crowson: Phillip was Chief Economist at Rio Tinto for 15 years, and is a Professor and published author in the field of minerals and metals economics. He is the Chair of the London Metal Exchange’s Special Committee and Physical Markets Committee which deal in compliance matters.
  • Gregor Boyd: Gregor is a legal professional with extensive experience in commodity markets gained in private practice and in-house roles (currently with Eni Trading & Shipping).


The Benchmark Oversight Committee will play an important role in helping globalCOAL prevent potential abuse of its markets and in ensuring the robustness of its pricing information – including globalCOAL’s NEWC Index.

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