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Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
 Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange that it was buying into two Shanxi coal companies through one of its wholly-owned subsidiaries.
The move indicates the company's expansion into upstream business to secure power coal supply and reduce operational risks, said a China Securities Journal report.
Huadian Power International, the listed arm of one of China's five leading power producers, China Huadian Corp, bought a 70 percent stake in each of the two coal companies for 397.6 million yuan ($58.19 million) and 362.6 million yuan respectively.
One of the coal miners will be put into production by the end of this year and the other by the first half of next year, according to the company statement.
With coal reserves of about 290 million tons, the coal companies will provide steady power coal to Huadian Power International's coal-fired power plants, especially for those in Shandong province, the statement noted.
The purchase shows Huadian Power International's determination to achieve coal self-sufficiency and will play a positive role in improving its future performance, the report said, citing an electricity industry researcher.
China, the second largest power consumer in the world, uses coal to generate about 80 percent of its electricity; therefore thermal coal prices are fairly sensitive to the country's power generators.
Chinese coal-fired power plants incurred losses of about 70 billion yuan in 2008 and the country's five leading power-generating companies lost about 30 billion yuan due to soaring power coal costs and the State's price cap on electricity, said Zhai Ruoyu, general manager of China Datang Corp in March this year.
Spot thermal coal prices in China reached a record high of over 1,000 yuan a ton last July. Now, it is hovering around 570 yuan per ton.
On the other hand, the unsuccessful annual coal price negotiation in late December pushed thermal power generators to seek more reliable coal supply sources.
Each year, China's coal producers and power companies sit down to negotiate the following year's contract coal prices, which have long been a bone of contention.
Negotiations for 2009 coal prices resulted in a deadlock, as domestic coal miners aimed to charge power producers 10 percent more for fuel under the 2009 annual contracts, while power producers wanted a price cut of as much as 10 percent.
In order to be less vulnerable to domestic coal prices and less dependent on domestic coal miners, Chinese power enterprises stepped into the coal-mining industry in succession and bought more coal from abroad.
China Datang Corp, also one of the country's five biggest power generators, has been given the green light to expand into the coal- mining business, authorities said in March.
The Customs statistics showed China's coal import reached 9.43 million tons in May, more than double that in the same period of last year. China's coal import and export amounted to 32.20 million and 10.53 million tons respectively in the January–May period, or a net import of some 22 million tons.
China's five biggest power generators include China Huaneng Group, China Datang Corp, China Guodian Corp, China Huadian Corp and China Power Investment Corp.
Source:china.org.cn
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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
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