GigaJoule and globalCOAL
The globalCOAL story.
In 2000 GigaJoule acquired the coal broking business of Spectron Global Coal and developed it into the industry-owned electronic platform for trading physical coal. In 2001 the business was sold to a consortium of the world's largest miners, utilities and traders.
01 / History
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GigaJoule Ltd acquires the coal broking business of Spectron Global Coal Ltd.
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to
GigaJoule develops the business into an industry-owned electronic platform for trading physical coal.
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The business is sold to Global Coal Ltd, a new vehicle owned by nine of the world's largest mining groups, power utilities, commodity traders and investors.
02 / The consortium
The owners of Global Coal Ltd at the April 2001 sale.
Accel-KKRInvestor
Anglo AmericanMining
BHP BillitonMining
EnelPower utility
E.ONPower utility
Glencore InternationalCommodity trading
J-PowerPower utility
Rio TintoMining
TXUPower utility
Names as at April 2001; logos are the companies’ current ones. J-Power was then EPDC and BHP Billiton is now BHP.
03 / globalCOAL today
An established market reference.
- 01
Trading platform
An electronic platform for physical coal and related financial products.
- 02
SCoTA
The standardised SCoTA agreement, widely used across the industry for buying and selling physical coal.
- 03
Price indices
A series of coal price indices that is an established reference for the market.