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TNB Fuel Services Sdn. Bhd. joins globalCOAL


globalCOAL® announced today that TNB Fuel Services Sdn. Bhd. has joined its international trading community.

Headquartered in Kuala Lumpur, TNB Fuel Services Sdn. Bhd., (TNBF), is one of the largest coal importers in South East Asia. A 100% owned subsidiary of TNB, TNBF procures coal via a number of agreements from producers in Indonesia, Australia, South Africa and Russia.  TNBF purchases and supplies fuel and coal for power generation to TNB’s group of companies as well as independent power producers (IPPs) who are in a power purchase agreement with TNB.

“We are delighted to welcome TNB Fuel Services Sdn. Bhd. to our trading community.” said Richard Richardson, Head of Asia at globalCOAL.  “Access to the globalCOAL trading platform will not only enable TNBF to procure coal with flexibility, but to connect and collaborate with Market Members worldwide.”



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Eoghan Cunningham resigns as globalCOAL Executive Officer

globalCOAL® announces that Eoghan Cunningham has resigned as Chief Executive Officer. Eoghan will remain with the company to facilitate a handover of management responsibilities with his exact departure date to be agreed in the coming weeks.

Appointed in June 2005, Eoghan oversaw a period of significant expansion for globalCOAL, with traded volumes increasing tenfold and membership now standing at more than 190. A met coal product was successfully launched in 2015. He also negotiated the company's agreement with Intercontinental Exchange (ICE), which saw globalCOAL's NEWC Index listed exclusively on ICE, with 460 million tonnes cleared in 2016.

Craig Wiggill, Chairman of globalCOAL, said, "The Board of globalCOAL thanks Eoghan for his many years of service and leadership at the company, and wishes him all the best in his future endeavours".

Eoghan said, "I am proud of what globalCOAL has achieved over the last 12 years and look forward to further success for the company in the future." He added, "I am looking forward to a new chapter in my life and the challenges that the future brings".

The board of globalCOAL is pleased to announce the appointment of Martin Abbott to take on the role of interim Chief Executive on Eoghan’s departure. He will work closely with Eoghan over the coming few weeks to ensure an effective hand-over.

Martin has been the senior independent non-exec director on the board of globalCOAL where he also chaired the Compliance Committee. He was the CEO of LME from 2006 to 2013 where he played an instrumental role in the transformation of the LME, culminating in the sale of the business to HKEx in 2013 for £1.4bn. After the sale, Martin remained at HKEx for a short while to ensure a smooth transition. He was Co-Head of Global Markets and part of the HKEx ExCo where he was responsible for commodities globally, and for delivery of the LME aspects of group strategy. Martin has previously worked for Platts - a McGraw Hill Company, Amalgamated Metal Trading Inc. and Metal Bulletin Plc.


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globalCOAL 2017 Index Publication Dates

Please find below the 2017 calendar for the publication of the globalCOAL indices:

Friday 27 January 2017

Friday 24 February 2017

Friday 31 March 2017

Friday 28 April 2017

Friday 26 May 2017

Friday 30 June 2017

Friday 28 July 2017

Friday 25 August 2017

Friday 29 September 2017

Friday 27 October 2017

Friday 24 November 2017

Friday 29 December 2017


In addition, please note that the following days will be excluded from index calculation in 2017:

Christmas Day – Monday 25 December 2017

Boxing Day – Tuesday 26 December 2017

Easter Friday – Friday 14 April 2017

Easter Monday – Monday 17 April 2017


Weekly indices will be published every Friday in 2017 EXCEPT for: Week ending 14 April, when it will be published on Thursday 13 April 2017.

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