2014 Press Releases

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JSW Energy and GRM Resources Join globalCOAL

LONDON, SINGAPORE AND NEW DELHI – 27 November 2014

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

JSW Energy Ltd is one of India’s premier integrated power companies, with an involvement in power generation, transmission, mining, power plant equipment manufacturing and trading. It produces 3,140MW of power annually, with capacity for another 8,630MW under development. JSW Energy is part of the JSW Group, one of India’s largest business conglomerates with investments in steel, minerals, aluminium, mining, infrastructure, logistics, cement and information technology.

Singapore-based GRM Resources built its reputation in the trade of raw materials for the steel industry, primarily coking coal and metallurgical coke, before expanding into thermal coal. The company has invested in mining opportunities in Africa, Australia, Canada and Indonesia, and GRM Group companies in India are involved in the manufacture of low ash metallurgical coke and pig iron, as well as power generation.

Ajay Baral, Market Manager for India at globalCOAL, commented: ‘We’re delighted to welcome these two companies into the globalCOAL fold. Our trading community is growing at a fast pace in India and South-East Asia, where the coal trade is more and more dynamic.’

 


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2015 Index Publication Dates

Please find below the 2015 calendar for the publication of the globalCOAL indices:

 

Friday 30 January 2015

Friday 27 February 2015

Friday 27 March 2015

Friday 24 April 2015

Friday 29 May 2015

Friday 26 June 2015

Friday 31 July 2015

Friday 28 August 2015

Friday 25 September 2015

Friday 30 October 2015

Friday 27 November 2015

Thursday 24 December 2015

 

In addition, please note that the following days will be excluded from index calculation in 2015:

 

New Year’s Day – Thursday 1 January

Easter Friday – Friday 3 April

Easter Monday – Monday 6 April

Christmas Day – Friday 25 December

 

Weekly indices will be published every Friday in 2015 EXCEPT for:

 

Week ending 3 April, when it will be published on Thursday 2 April

Week ending 25 December, when it will be published on Thursday 24 December


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globalCOAL Welcomes Two New Market Members

LONDON AND SINGAPORE – 1 September 2014

globalCOAL® announced today that two Market Members have joined its trading community. Both new Market Members are from the Indian sub-continent, further bolstering globalCOAL’s growing presence in the region.

Karachi-based Lucky Commodities (Pvt) Ltd specialises in trading and sourcing coal from the international market to supply its Pakistani client base. It plans to expand its business to supply clients globally.

Binani Cement Ltd is a global supplier of high quality cement with an annual production capacity of 11.25 Million tonnes from factories in India, China and Dubai. Headquartered in Mumbai, it is the flagship company of the Braj Binani Group.

globalCOAL now counts a total of 23 Market Members in the Indian sub-continent, representing more than 14% of its  membership.


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Tohoku EPC joins globalCOAL

LONDON AND SINGAPORE – 20 May 2014

globalCOAL® announced today that Tohoku Electric Power Co., Inc (‘Tohoku EPC’)has joined its online coal trading platform.

Based in the Miyagi Prefecture of Japan, Tohoku EPC is a power utility serving 7.6 million retail and corporate customers. At approximately 8 million tonnes per annum, the company’s coal consumption is the second largest amongst Japan’s power utilities. Tohoku EPC owns two coal-fired power plants; the Noshiro power plant which has a 1,200 MW capacity, and the Haramachi power plant which has a 2,000 MW capacity.

With the addition of Tohoku EPC, globalCOAL now counts 14 Market Members from Japan, representing 9% of total membership. Japan’s Electric Power Development Company (‘J-Power’) is also a shareholder of globalCOAL.

“As one of the leading parties in the annual Japanese benchmark price negotiations, Tohoku EPC is one of the most influential power utilities in Japan, and we are delighted to receive its support”, said Richard Richardson, Head of Asian Markets at globalCOAL. “In the wake of the Great East Japan Earthquake and Fukushima Daiichi nuclear disaster, coal’s role in Japan’s energy mix has become more critical than ever. We are pleased to see the globalCOAL online trading platform bringing additional flexibility and efficiency to the JPU’s coal procurement strategy.”


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globalCOAL Welcomes Two New Indian Market Members

LONDON AND SINGAPORE – 16 April 2014

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

Kolkota-based Rashmi Metaliks Ltd is a subsidiary of the Rashmi Group, and is involved in the trade of iron ore, coal and other mineral products.

Swastik Coal Corporation Pte Ltd is a vertically-integrated company involved in the import, trade, handling and transport of coal and lignite. Swastik Coal is headquartered in the Indian state of Madhya Pradesh.

globalCOAL’s reach in the Indian market continues to grow with a total of 21 Market Members based in the Indian sub-continent, now representing over 13% of globalCOAL’s online trading community.


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globalCOAL welcomes three new Market Members

LONDON AND SINGAPORE – 25th March 2014

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

Axpo Trading AG is engaged in international energy trading and consults on energy and the environment, with clients in Switzerland and across Europe. It is a subsidiary of the Axpo Group, a Swiss energy firm which is owned by the cantons of North Eastern Switzerland and their utilities.

Trianel GmbH, a German co-operative for municipal utilities has more than 100 shareholders and partners. Together they are the leading municipal utility network in Europe, supplying power to more than 6 Million households throughout Germany, the Netherlands, Austria and Switzerland.

Yancoal Australia is a thermal and metallurgical coal mining company, of which China-based Yanzhou Mining is the majority shareholder. Yancoal is one of Australia’s largest listed pure coal producers, with 3.4Bt of resources and 800Mt of reserves. 

‘We are delighted to welcome these new Market Members, who typify the diversity we see on the globalCOAL platform’, says Tracy Vowel, Head of Front Office. ‘With this announcement it’s also clear that coal remains an important element in Europe’s energy mix.’


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Biroute Ltd joins globalCOAL

LONDON AND SINGAPORE – 11 February 2014

globalCOAL® announced today that Biroute Limited has joined its online coal trading platform.

Headquartered in Hong Kong, Biroute is the trading division of commodity house Shun Shing Group International Ltd. Shun Shing Group specialises in the import and export of dry bulk materials related to the cement industry, and has expanded into soft and energy commodities including coal. It is a leading cement producer in Bangladesh, producing 3 million tonnes per annum. It trades in excess of 8 million tonnes of seaborne raw material annually.

“As a Hong Kong based company with branches in Bangkok, Beijing, Chittagong, Dhaka, Dubai, Hanoi, Ho Chi Minh City, Mumbai and Singapore, the Shun Shin Group International truly epitomises the global nature of the coal trade,” says globalCOAL Market Manager Ajay Baral.

 


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KCT Coal Sales joins globalCOAL

LONDON AND SINGAPORE – 14 January 2014

globalCOAL® announced today that Karam Chand Thapar & Bros. (Coal Sales) Ltd (‘KCT Coal Sales’) has joined its online coal trading platform.

Based in Kolkata, KCT Coal Sales is the single largest coal handling agency in India. It deals with all major coal consumers in the public and private sectors, and is responsible for the logistical operations involved in the movement of approximately 60 million tonnes of coal per annum.

A total of 17 companies from the Indian subcontinent are now members of the globalCOAL trading community. In addition, 242 companies from the region are licensed to use SCoTA®, globalCOAL’s Standard Coal Trading Agreement.

“The importance of the international coal market is continuing to grow in India as the country imports ever greater quantities of coal”, said Ajay Baral, Market Manager for globalCOAL. “As an effective route to the seaborne coal market, the globalCOAL trading platform is gaining more and more traction with well-established players such as KCT.”


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