2012 Press Releases

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2013 Index Publication Dates

LONDON AND SINGAPORE – 11 December 2012

For your information, please find below the 2013 calendar for the publication of the globalCOAL indices:


Friday 25 January 2013

Friday 22 February 2013

Thursday 28 March 2013

Friday 26 April 2013

Friday 31 May 2013

Friday 28 June 2013

Friday 26 July 2013

Friday 30 August 2013

Friday 27 September 2013

Friday 25 October 2013

Friday 29 November 2013

Friday 27 December 2013

 

In addition, please note that the following days will be excluded from index calculation in 2013:

 

New Year’s Day - Tuesday 1 January

Easter Friday – Friday 29 March

Easter Monday – Monday 1 April

Christmas Day – Wednesday 25 December

Boxing Day – Thursday 26 December

 

Weekly indices will be published every Friday in 2013 EXCEPT for the week ending 29 March, when it will be published on Thursday 28 March.


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New Market Member joins globalCOAL

LONDON AND SINGAPORE – 29th November 2012

 

Idemitsu Australia Resources Pty Ltd is the latest company to join the globalCOAL trading platform. Wholly-owned by Idemitsu Kosan, Co. Ltd, a Japanese based oil and mining company and established in 2007, Idemitsu Australia Resources Pty Ltd was formed to consolidate and oversee Idemitsu Kosan's coal operations in Australia. They export coal predominantly to the Asian market.

 

“We are pleased to welcome Idemitsu Australia Resources to the globalCOAL trading platform,” says Chris Walker, Market Manager. “As a well established exporter of coal within the Asian market, we look forward to working with them to help extend their network with globalCOAL’s 133 market members.”

 


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New Market Member joins globalCOAL

LONDON AND SINGAPORE – 25th September 2012

 

UltraTech Cement Limited, a subsidiary of the Aditya Birla Group, has joined the globalCOAL trading platform. They are the largest cement manufacturer in India, 10th largest in the world, and have subsidiary companies across the Middle East and Asia.

 

 “I am especially delighted to welcome another Indian market member to the globalCOAL trading community,” says Ajay Baral, Market Manager, globalCOAL India. “I look forward to working with Ultratech to help them develop profitable partnerships with our global network of market members.”

 


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Two New Market Members join globalCOAL

LONDON AND SINGAPORE – 5th September 2012

 

Two new Market Members have joined the globalCOAL trading community.

 

Hong Kong based Concord Fortune Resources Pte Limited concentrates on trading and importing coal, coke, iron ore and other minerals into China.

 

Russian energy conglomerate Gazprom is the world’s largest extractor of natural gas and Russia’s number one power utility.

 

“We are delighted to welcome both Concord Fortune and Gazprom to globalCOAL,” says Eoghan Cunningham, CEO of globalCOAL. “In today’s announcement, we see again the global reach of our trading community, which now comprises 127 members.”

 


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New Market Member joins globalCOAL

LONDON AND SINGAPORE – 15 August 2012

 

Swiss Singapore Overseas Enterprise Pte Ltd (SSOE) is the latest member to join the globalCOAL trading community. A subsidiary of Aditya Birla Group, they are a commodity trading house based in Singapore. SSOE has a global reach and trades in a broad range of bulk commodities.

 

“We are delighted to welcome SSOE to globalCOAL,” says Ajay Baral, Market Manager, globalCOAL India “We look forward to introducing them to a wide and ever expanding community of international trading partners”.


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Three new Market Members join globalCOAL

LONDON AND SINGAPORE – 11 July 2012

 

Three new Market Members with diversified commodity businesses have joined the globalCOAL trading community.

 

Sinopec USA Inc. is a subsidiary of China Petroleum and Chemical Corporation (Sinopec Corp), an integrated energy and chemical company.

 

Huahai (Singapore) Pte Ltd is a wholly-owned subsidiary of China Arts Huahai Import & Export Corp. Ltd – a company specialising in the import and domestic sales of crude oil and petrochemicals to China and also involved in agricultural and other bulk commodities.

 

Freepoint Commodities Europe LLP is a physical commodity trading and marketing company focused on the natural gas, power, oil and coal markets.

 

“We are delighted to welcome yet more participants with experience of trading other energy markets to the globalCOAL trading platform,” says Eoghan Cunningham, CEO of globalCOAL. “It is encouraging to see these new members enter the coal arena to take advantage of new market opportunities.”  


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globalCOAL launches new contract and new specifications

LONDON AND SINGAPORE – 19 March 2012

 

globalCOAL has released the latest version of its Standard Coal Trading Agreement (SCoTA), alongside two new tradable specifications on its online trading screen.

 

The new contract – SCoTA Version 8 – has undergone a major overhaul to allow it to function as a Master Agreement. It now enables users to net financial obligations in the case of counterparty default – a significant advantage in today’s difficult credit environment. In addition, the structure of v8 is simpler; the body of the contract will remain fixed going forward, while the RSSs (which define the coal specifications) will be easier to maintain and update.

 

“For SCoTA users, it means reduced contract risk, an easier documentation process, improved legal clarity, and enhanced credit protection,” said Eoghan Cunningham, CEO of globalCOAL. “SCoTA v8 should encourage a more stable trading environment and free up capital – all contributing to better liquidity in the coal market.”

 

Separately, globalCOAL has launched two new instruments on its trading screen, creating standardised markets for higher ash, lower CV coals delivered FOB Australia and FOB Richards Bay, South Africa. Both products are traded on a 5,500 kcal/kg NCV basis, with a maximum ash of 23%.


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globalCOAL welcomes three new Market Members

LONDON AND SINGAPORE – 28 February 2012

 

Three new Market Members today join the globalCOAL trading community with the aim of expanding their global network within the international thermal coal industry.

 

Ankor Holding Ltd. is an international commodities trading company specialising in the trade of natural resources such as coal, crude oil and gasoil.

 

One of the leading exporters of Russian and Indonesian thermal and coking coal, Avalon Coal’s principal export markets are Asia and Europe.

 

Enegra Pte Ltd is an Australian commodities trading house which partners with several Indonesian miners. They have offices in Melbourne, Jakarta and Singapore.

 

This announcement brings to 123 the number of globalCOAL Market Members. 

 

‘In these three very different organisations, we see the broad reach of the globalCOAL community’ says Head of Front Office Tracy Vowel. ‘We are delighted to have them on board and look forward to working with them to extend their global network.’


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Avani Resources joins globalCOAL

LONDON AND SINGAPORE – 23 January 2012

 

Singapore-based commodity trader Avani Resources Pte Ltd has joined the globalCOAL® trading platform as Market Member.

 

Avani Resources specialises in the international trade of minerals and metals, including thermal and coking coal, PCI, anthracite, iron ore, chrome ore and concentrate, manganese ore and ferroalloys.

 

“We are delighted to welcome Avani to the globalCOAL trading screen, and see it boost the ranks of Singapore-based Market Members even further” says globalCOAL Market Manager, Chris Walker. “With its global ambitions, this newly incorporated trading outfit will find itself in good company amongst globalCOAL’s 123 members.”


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