2013 Press Releases

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Two new Market Members join globalCOAL

LONDON AND SINGAPORE – 17 December 2013


globalCOAL® announced today that BTG Pactual Commodities (UK) LLP and Saraogi Udyog Pvt. Ltd. have joined its online coal trading platform as Market Members.


Headquartered in Kolkata, Saraogi Udyog purchases, imports and trades coal products including steam coal, coking coal and metallurgical coke. Its steam coal is sourced locally from CIL as well as through import, and is shipped to consumers in the aluminium, steel, sponge iron and cement industries.


London-based BTG Pactual Commodities (UK) is part of the Grupo BTG Pactual, an investment bank and asset and wealth manager with a dominant franchise in Brazil and a successful international investment and distribution platform.

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2014 Index Publication Dates

LONDON AND SINGAPORE – 11 December 2013

Please find below the 2014 calendar for the publication of the globalCOAL indices:

Friday 31 January 2014
Friday 28 February 2014
Friday 28 March 2014
Friday 25 April 2014
Friday 30 May 2014
Friday 27 June 2014
Friday 25 July 2014
Friday 29 August 2014
Friday 26 September 2014
Friday 31 October 2014
Friday 28 November 2014
Friday 24 December 2014

In addition, please note that the following days will be excluded from index calculation in 2014:

New Year’s Day – Wednesday 1 January
Easter Friday – Friday 18 April
Easter Monday – Monday 21 April
Christmas Day – Thursday 25 December
Boxing Day – Friday 26 December

Weekly indices will be published every Friday in 2014 EXCEPT for:

Week ending 18 April, when it will be published on Thursday 17 April
Week ending 26 December, when it will be published on Wednesday 24 December

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gC ICE NEWC Futures Trade Over 20Mt Amidst Record Month for ICE

LONDON AND SINGAPORE – 01 November 2013

Contracts in the ICE Coal Futures portfolio traded in record tonnage in October, with a total of 195 million tonnes cleared.

All-time high volume was achieved in all three hubs. The gC ICE NEWC contract traded above 20 million tonnes for the first time, breaking the previous record set just last month. Interest in the NEWC contract has been high throughout 2013, with year-to-date volume reaching 152 million tonnes – already exceeding the previous yearly record of 123 million tonnes set in 2010.

The Rotterdam and Richard Bay ICE contracts also achieved record volumes of 129 million tonnes and 45.5 million tonnes respectively. This tonnage included a record volume of options traded, namely 35 million tonnes for Rotterdam (27% of October volume) and 11.5 million tonnes for Richards Bay (25% of October volume).

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Two new Market Members join globalCOAL

LONDON AND SINGAPORE – 15 October 2013


globalCOAL® announced today that Chugoku Electric Power Company and Engro EXIMP (Private) Ltd have joined its online coal trading platform as Market Members.


The Chugoku Electric Power Company generates, transmits and distributes electricity in the Chugoku area of Japan. Its facilities include thermal (coal and LNG), hydro and nuclear power plants.

Engro EXIMP (Private) Ltd is part of one of Pakistan’s largest conglomerates, whose activities include chemical fertilizers, PVC resin, a bulk liquid chemical terminal, industrial automation, foods, power generation and commodity trade.

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Coal India Ltd joins globalCOAL

LONDON AND SINGAPORE – 08 October 2013

globalCOAL® announced today that Coal India Ltd has joined its online coal trading platform.

Headquartered in Kolkata, Coal India Ltd is the single largest coal producer in the world. It extracts more than 80% of all the coal produced in India and accounts for 76% of the feedstock for the country’s total thermal power generation. In addition to its Indian activities, it is also exploiting coalfields in Mozambique

“Coal India is the behemoth of the Indian coal sector, and the first state-owned Indian company to join our trading community”, comments Ajay Baral, Market Manager for globalCOAL. “Its participation on the platform hints at India’s growing integration into the world coal market and hopefully heralds a new way of doing business for its coal producers, consumers and traders alike.”

globalCOAL now counts 13 Indian companies in its membership, with Coal India, Rudhra Minerals, Knowledge Infrastructure Systems, Alsaa Petroleum & Shipping, MCS Holdings and OPG Power Generation all joining in 2013.

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Four new Market Members join globalCOAL

LONDON AND SINGAPORE – 01 October 2013

globalCOAL® announced today that four new Market Members have joined its online coal trading platform.

Singapore-based Zhushui International Energy Pte is part of the Zhushui Energy Resource Group, a large, integrated coal import business in the Guangdong Province of China.

City Financial Investments Company Ltd is a London-based independent fund manager.

Mining Resources Pte. Ltd., based in Singapore, is part of the Indian-incorporated Taurian Iron and Steel Company Pte Ltd.

Chennai-based OPG Power Generation Pte Ltd is a subsidiary of AIM-listed OPG Power Ventures Plc, a developer and operator of power plants in India.

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New Market Member joins globalCOAL


Peabody COALTRADE Asia Pte. Ltd. is the latest company to join the globalCOAL trading platform.

While Peabody Coaltrade International Limited, a UK subsidiary, is an established globalCOAL Market Member, now Peabody’s Asian entity is joining the globalCOAL community as they expand their operations in the Asia Pacific area.

Peabody is one of the largest coal producers in the world and has a vast global presence serving customers in nearly 30 countries.

“I am pleased to welcome Peabody COALTRADE Asia Pte. Ltd. as a globalCOAL market member” said Eoghan Cunningham, globalCOAL CEO. “Their decision to join the growing ranks of Asian members is further proof of just how influential the Pacific Asian market has become”.

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New Market Members join globalCOAL

LONDON AND SINGAPORE – 21st March 2013

Coeclerici Asia (Pte) Ltd, Gas Natural SDG, S.A and MRI Trading Pte Ltd are the latest companies to join the globalCOAL trading platform.

Headquartered in Singapore, Coeclerici Asia (Pte) Ltd is the Asian division of the Coeclerici Group, which trades and transports more than 20 million tonnes of raw materials, predominantly coal, per annum. With a turnover of €200 million, Coeclerici Asia also has offices in Beijing, Jakarta, Mumbai and Sydney.

Gas Natural SDG, S.A, the largest integrated gas and electricity company in Spain and Latin America, has also joined globalCOAL this month. Gas Natural operates in more than 25 countries, has around 20 million customers and an installed generating capacity of 15.4 GW.

Specialising in commodity trading – including bulk coal and iron ore - MRI Trading Pte Ltd have a global presence. Offering a range of services, from risk management to equity investment, they have offices in 11 countries around the world.

“We are delighted to welcome these new organisations to the globalCOAL network and look forward to working with them to help them advance profitable partnerships with our community of market members” says Eoghan Cunningham, globalCOAL CEO.

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Russian coal export major Carbo One joins gC


Russian coal exporter Carbo One has joined globalCOAL, the world’s largest physical coal broker, reflecting the growth in hard commodity trade in the Asian markets in particular.

Carbo One, which markets around 30 million tonnes of coal a year to the European and Asian markets, together with Russia’s largest coal exporter SUEK, which joined globalCOAL in 2006, account for three quarters of Russia’s 70 million tonnes a year of thermal coal exports.

 “We are delighted to welcome a major coal player such as Carbo One to the globalCOAL trading community,” says globalCOAL CEO Eoghan Cunningham.

Carbo One brings globalCOAL’s market membership to 138.

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globalCOAL named best broker, Asia Pacific, in EnergyRisk Commodity Awards

LONDON AND SINGAPORE - 13th February 2013

Energy Risk, in their annual commodity awards, have named globalCOAL best broker in Asia Pacific for a second year. The award reflects globalCOAL's on-going efforts to develop the market in this region and in particular recognises globalCOAL's work to reinvigorate the Newcastle market over the past year.

‘The introduction of the Newcastle trading window in June 2012 has led to a significant increase in liquidity' said globalCOAL CEO Eoghan Cunningham, ‘We are also working closely with the market on other initiatives, such as developing new SCoTA specifications for delivery of thermal coal into China. It is gratifying that the team's efforts in the region have been recognised by our industry peers with this award.'

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