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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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Friday, 02 September 22
INDONESIA COAL PRICE REFERENCE SLIPS SLIGHTLY IN SEPTEMBER 2022
COALspot.com: Indonesian Coal Price Reference for September delivery drops 0.74 per cent month on month.
The Indonesian Coal Price R ...
Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...
Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...
Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...
Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition
The opp ...
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- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
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- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
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- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
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- Electricity Authority, New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Wilmar Investment Holdings
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- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
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- PowerSource Philippines DevCo
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- Planning Commission, India
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- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
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- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
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- Thai Mozambique Logistica
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- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- White Energy Company Limited
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- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
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- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Baramulti Group, Indonesia
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- IEA Clean Coal Centre - UK
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- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
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- Sindya Power Generating Company Private Ltd
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- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
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- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
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- Videocon Industries ltd - India
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- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
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- International Coal Ventures Pvt Ltd - India
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- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
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- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
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- European Bulk Services B.V. - Netherlands
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