SeaPRwire
Read More

COAL token, Signing of MOU for Coal Tokenization

pandora
2 minutes

August 26, 2022 – (SEAPRWire) – K&D Global announced that it signed an MOU with PT.MLB, in which the government Indonesia take parts, for coal tokenization. Currently, as the war between Ukraine and Russia is prolonged, the price of natural resources is rising every day, and the price of coal is also skyrocketing. K&D Global said, “By tokenizing coal, which is used for power generation, we will ease the crisis in the global electricity market and gradually expand the tokenization of energy resources.” The company announced that it plans to expand a new blockchain ecosystem. Coal was traded at 176 tons as of August 19th, and the first coal token issued by K&D Global will be traded at 100 USDT on DigiFinex on August 30th. Social Links Telegram : https://t.me/+lLe-8Mhyp2A3NWFl Discord : https://discord.gg/V2Aae3Gh Twitter : https://twitter.com/_KND_Official Media Contact Brand: K&D Global Contact: Ha Kwan Ho Email: contact@knd-coal.org Website : http://knd-coal.org/ SOURCE: K&D Global The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, plea...

SeaPRwire

China weighs coal market intervention to end stunning rally

elean
3 minutes

SINGAPORE (BLOOMBERG) - China's top economic planner is studying ways to intervene in the coal market as the government tries to rein in soaring prices and curtail shortfalls that are threatening energy security and economic growth. The fossil fuel provides more than half the country's energy. The National Development and Reform Commission (NDRC) said it is evaluating measures to intervene in prices and has "zero tolerance" for those spreading false information or involved in collusion in the market. The agency added that China planned to raise its coal output to 12 million tonnes a day and give the fuel priority for deliveries through ports and over railroads. "The current price increase has completely deviated from the fundamentals of supply and demand," the agency said in a statement on its WeChat page. The NDRC will "study specific measures to intervene in coal prices and promote the return of coal prices to a reasonable range". China thermal coal futures fell by the limit in overnight trading, ending a surge that has seen the fuel more than double since the beginning of September amid blackouts and power restrictions. China has been seeking for months to curtail the rally in c...

SeaPRwire

China orders top energy firms to secure supplies at all costs

elean
3 minutes

SINGAPORE (BLOOMBERG) - China's central government officials ordered the country's top state-owned energy companies - from coal to electricity and oil - to secure supplies for this winter at all costs, according to people familiar with the matter. The order came directly from Vice Premier Han Zheng, who supervises the nation's energy sector and industrial production, and was delivered during an emergency meeting earlier this week with officials from Beijing's state-owned assets regulator and economic planning agency, the people said. Blackouts won't be tolerated, the people said. Chinese coal futures earlier surged to a record as the country grapples with shortages of the fuel ahead of a week-long holiday. Prices have more than doubled this year amid soaring electricity demand from factories and slow output growth from mines. The emergency meeting underscores the critical situation in China. A severe energy crisis has gripped the country, and several regions have had to curtail power to the industrial sector, while some residential areas have even faced sudden blackouts. China's power crunch is unleashing turmoil in the global commodities markets, fueling rallies in everything from...