Three companies have joined globalCOAL’s online coal trading platform, representing both the electricity production and coal mining ends of the industry. The three new members are:
Axpo Trading AG, an international energy trading and energy and environment consultancy. It is a subsidiary of the Axpo Group, a Swiss energy firm that 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, 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 3.4 billion t of resources and 800 million t of reserves.
“We are delighted to welcome these new market members, who typify the diversity we see on the globalCOAL platform,” said Tracy Vowel, head of front office. “With this announcement it’s also clear that coal remains an important element in Europe’s energy mix.”
globalCOAL is the architect of SCoTA – the world's standard coal trading agreement – and provider of a comprehensive online trading platform for physical and financial coal.
Adapted from press release by Jonathan Rowland
Read the article online at: https://www.worldcoal.com/coal/26032014/axpo_trading_trianel_gmbh_and_yancoal_australia_announces_three_new_members_coal658/