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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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Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
Friday, 09 September 22
GREECE WILL KEEP COAL-FIRED PLANTS RUNNING FOR LONGER AMID GAS CRISIS - REUTERS
Greece will keep seven coal-fired plants running for longer than previously planned as European countries adjust to a cut in gas flows coming from ...
Friday, 09 September 22
CHINA'S DROUGHT INTENSIFIES GLOBAL COAL SHORTAGE - REUTERS
China’s drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to me ...
Thursday, 08 September 22
MOODY.S AFFIRMS ABM INVESTAMA'S B1 RATINGS FOLLOWING PLANNED MINORITY INVESTMENT IN COAL MINER; OUTLOOK STABLE
Moody's Investors Service has affirmed ABM Investama Tbk (P.T.)'s B1 corporate family rating (CFR), along with the B1 rating on its senior ...
Thursday, 08 September 22
MARKET INSIGHT - INTERMODAL
While the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade is ultimately realigned. Mor ...
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- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
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- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
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- Edison Trading Spa - Italy
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- Indian Oil Corporation Limited
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- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
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- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
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- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
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- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
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- Energy Link Ltd, New Zealand
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- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
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- Bahari Cakrawala Sebuku - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
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- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
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- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
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- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
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- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
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- Ministry of Transport, Egypt
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- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
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- Krishnapatnam Port Company Ltd. - India
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- Planning Commission, India
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- CNBM International Corporation - China
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- Bulk Trading Sa - Switzerland
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- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- VISA Power Limited - India
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- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
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- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
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- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
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- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
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- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
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- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
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- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
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- Xindia Steels Limited - India
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- OPG Power Generation Pvt Ltd - India
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- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
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