- Write by:
-
Tuesday, August 14, 2018 - 3:33:40 PM
-
1540 Visit
-
Print
Mining News Pro - Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018 to March 2019 at $110/t, according to several people with knowledge of the matter.
The deals were struck between Glencore and Japanese utilities such as Shikoku Electric, Chugoku Electric and Kansai Electric after bilateral talks, a source at a Japanese coal buyer said, requesting anonymity as he was not allowed to speak in public about commercial deals.
Glencore didn`t respond to a request for comment.
A Chugoku Electric spokesman confirmed it has struck some annual contracts at $110/t with Glencore, but said some other deals were agreed at different prices or index-linked prices. Shikoku Electric said it settled the April-March contract with Glencore last month but declined to disclose the price.
Kansai Electric was not immediately available for comment.
"We`ve agreed with Glencore at $110/t for the April-March contract late last month," another source at a utility directly involved in the talks said, also declining to be named.
A trader with a major commodity merchant also confirmed the deals.
Short Link:
https://www.miningnews.ir/En/News/237742
Record prices of gold and copper are buoying the spirits of mining leaders gathered in the Peruvian capital this week.
Southern Copper, Peru’s third largest copper producer controlled by Grupo Mexico, expects to boost its copper production ...
Swiss-based trading house Glencore and aluminum producer Rusal have extended their long-term supply contract into next ...
A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower ...
Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they ...
Global mining heavyweights including Lundin Mining Corp., Glencore Plc and First Quantum Minerals Ltd. are piling into ...
The Peruvian government’s 2024 copper production goal of 3 million metric tons is realistic, senior industry executives ...
Canadian copper miner Hudbay Minerals plans to raise $300.2 million in an equity offering to help fund near-term growth ...
Suncor Energy Inc. shares rose to an almost 16-year high after the oil-sands producer accelerated plans to ramp up share ...
No comments have been posted yet ...