2006 Press Releases

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

globalCOAL seeking an injunction against GFI Brokers Limited

LONDON, UK, 15th December 2006 - GlobalCOAL today confirmed that it had issued an application to the High Court in London seeking an injunction against GFI Brokers Limited. The purpose of the injunction is to ensure compliance with the terms of the Product Licence Agreement between the parties in relation to the use of SCoTA.

Chief Executive Eoghan Cunningham said "It was not a light decision to go to court but we fiercely defend the terms of our PLA as we have ably demonstrated in the past."

About Global Coal Ltd

globalCOAL is the world's premier marketplace facilitator for trading coal and coal related services, information, and instruments. The company was founded by leading members of the world coal industry to promote the electronic trading of thermal coal by creating standardised coal quality specifications, a Standard Coal Trading Agreement (SCoTA®) , and a fast, effective and transparent route to market.

For more information about globalCOAL, please visit our website at www.globalcoal.com.

Global Coal Limited


Energy House
9 King Street
London
EC2V 8EA

General Enquiries & Switchboard:


phone: +44.(0)20.7776.5900
fax: +44.(0)20.7776.5902
email: info@globalcoal.com

Download Press Release (PDF)

RAG Trading becomes a Market Member of globalCOAL's Electronic Trading Platform

LONDON, UK, 12 December 2006

Global Coal Limited is pleased to announce that RAG Trading has joined globalCOAL's platform as of December 2006.

Eoghan Cunningham, CEO of globalCOAL, stated that e are delighted to welcome RAG Trading as a member of globalCOAL, further strengthening the membership on the globalCOAL platform

About Global Coal Ltd

globalCOAL is the world's premier marketplace facilitator for trading coal and coal related services, information, and instruments. The company was founded by leading members of the world coal industry to promote the electronic trading of thermal coal by creating standardised coal quality specifications, a Standard Coal Trading Agreement (SCoTAR) , and a fast, effective and transparent route to market.

For more information about globalCOAL, please visit our website at www.globalcoal.com.

Global Coal Limited

Energy House
9 King Street
London
EC2V 8EA
United Kingdom

General Enquiries & Switchboard:

phone: +44.(0)20.7776.5900
fax: +44.(0)20.7776.5902
email: info@globalcoal.com

Download Press Release (PDF)

ANZ becomes a Market Member of globalCOAL's Electronic Trading Platform

LONDON, UK, 29 November 2006

globalCoal is pleased to announce that Australia and New Zealand Banking Group Limited has joined as a Market Member on its electronic trading platform. Eoghan Cunningham, CEO of globalCOAL, said, 'We are delighted to welcome ANZ, further strengthening the membership of financial institutions on the globalCOAL platform.'

About Global Coal Ltd

globalCOAL is the world's premier marketplace facilitator for trading coal and coal related services, information, and instruments. The company was founded by leading members of the world coal industry to promote the electronic trading of thermal coal by creating standardised coal quality specifications, a Standard Coal Trading Agreement (SCoTAR) , and a fast, effective and transparent route to market.

For more information about globalCOAL, please visit our website at www.globalcoal.com.

Global Coal Limited

Energy House
9 King Street
London
EC2V 8EA
United Kingdom

General Enquiries & Switchboard:

phone: +44.(0)20.7776.5900
fax: +44.(0)20.7776.5902
email: info@globalcoal.com

Download Press Release (PDF)

globalCOAL reaches 100 millions tonne mark

LONDON, UK, 28 November 2006

globalCOAL is pleased to announce that it has just seen the 100 millionth tonne trade on its platform. This is a significant achievement for the company and the figure includes 51 Million tonnes of Physical Coal and 49 Million Tonnes of Financial Coal

Eoghan Cunningham CEO said; "We are delighted to reach this 100 Million Tonne milestone and look forward to building for the future. This achievement illustrates the increasing maturity of the international coal market and the widespread acceptance of the standardisation of coal contracts and the commoditisation of coal".

Volumes have risen from 3.5 million tonnes in the first year to an estimated 38 million tonnes for 2006. Whilst the growth has been in both the physical and financial products much of it has been driven by the Swap Newc instrument which now regularly sees volumes of approximately 2.5 million tonnes per month.

globalCOAL would like to thank its 58 market members for their support and looks forward to developing both existing and new instruments for the benefit of the wider coal trading community.

For more information about globalCOAL, please visit our website at www.globalcoal.com.

Global Coal Limited

Energy House
9 King Street
London
EC2V 8EA
United Kingdom

General Enquiries & Switchboard:

phone: +44.(0)20.7776.5900
fax: +44.(0)20.7776.5902
email: info@globalcoal.com

Download Press Release (PDF)

SUEK AG becomes a Market Member of globalCOAL's Electronic Trading Platform

LONDON, UK, 18 August 2006

globalCoal is pleased to announce that SUEK AG has joined as a Market Member on its electronic trading platform. Eoghan Cunningham, CEO of globalCOAL, said, 'We are delighted to welcome SUEK AG as a member of globalCOAL, being the first Russian coal company to join the platform.'

About Global Coal Ltd

globalCOAL is the world's premier marketplace facilitator for trading coal and coal related services, information, and instruments. The company was founded by leading members of the world coal industry to promote the electronic trading of thermal coal by creating standardised coal quality specifications, a Standard Coal Trading Agreement (SCoTAR) , and a fast, effective and transparent route to market.

For more information about globalCOAL, please visit our website at www.globalcoal.com.

Global Coal Limited

Energy House
9 King Street
London
EC2V 8EA
United Kingdom

General Enquiries & Switchboard:

phone: +44.(0)20.7776.5900
fax: +44.(0)20.7776.5902
email: info@globalcoal.com

Download Press Release (PDF)