Media Room

Glencore agrees thermal coal price with Japan utilities – sources

Glencore and Japanese power utilities have settled annual thermal coal contract prices at $84.97/t, down from $94.75/t set in October, three sources said on Tuesday.

Glencore reached the settlement with Japan's Tohoku Electric after negotiations restarted when an initial round of talks failed to reach agreement, an industry source with knowledge of the matter said.

Iran's Rouhani faces anguished coal miners after fatal explosion

Iranian President Hassan Rouhani faced anguished miners Sunday as he visited a coal mine where an explosion last week killed more than three dozen men. Rouhani, the moderate cleric seeking re-election May 19, “insisted” on traveling to northern Golestan province to review the disaster and speak with the families of those who died, the official Islamic Republic News Agency said.