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Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
.jpg) * Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 percent from last year
Chinese coal miners such as Shenhua Energy and China Coal Ltd have cut 2009/10 contract price offers to Japanese utilities to $75.50 per tonne, trade sources familiar with talks said on Tuesday.
Chinese producers have lowered their prices to $75.50 a tonne for coal with a heating value of 5,800 kcal/kg (NAR) as negotiations hit a snag after Japanese utilities rejected their initial offer of above $80, four trade sources said.
"The negotiation is likely to conclude soon, as the difference between prices offered by the two sides is shrinking to only $3.5 a tonne," said a Beijing-based trader, expecting the deal to be sealed as early as next week.
Traders said the latest price offer by the Chinese was a bid to meet Japanese utilities midway, which have counter offered $72 a tonne, on the same level as the deal struck by Australian miners and Japan's Chubu Electric.
Last month, Chinese miners asked for a price above $80 while Japanese end users offered to pay $68 a tonne, traders said.
China's new offer represents a discount of about 43 percent from last year's agreed price of about $131 a tonne, which excludes the 10 percent export tax.
"It seems that the coordinators representing each country are trying to sound out how much each utility can afford to buy and how much each producer can afford to supply if the price falls to US$75.50/mt," said a Singapore-based trader.
China's coal exports in the first four months dropped 36 percent from a year earlier to 9.34 million tonnes, the official customs data showed.
Faced with an international market where prices are nearly $20 a tonne lower than domestic prices, Chinese miners are only showing lukewarm interest in the export market this year. Some miners expect domestic demand to pick up in the summer when residential consumption shoots up with rising temperatures and industrial use will likely revive as the economy improves.
Japan's utilities, represented by Japan Coal Development, are looking to cut this year's contract volumes by about 20 percent, a Tokyo-based trader said.
But others said the volumes could be cut as much as 50 percent.
Japan was China's second-largest coal export destination country in 2008, receiving 13 million tonnes from China, just after South Korea's 17 million tonnes.
Source: http://news.alibaba.com/article/detail/energy/100100838-1-update-1-china-miners-cut-coal.html
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Wednesday, 25 March 09
MINISTER ASKS ROYALTIES BE PAID IN COAL, NOT CURRENCY - THE JAKARTA POST
Coal companies could pay their royalties to the government in coal, rather than in rupiah, under a proposal made by Energy and Mineral Resources Min ...
Wednesday, 25 March 09
INDONESIA'S STATE ELECTRICITY COMPANY DEMAND FOR COAL TO SOAR NEXT YEAR AS POWER OUTPUT RISES - THE JAKARTA POST
State electricity company PT PLN will need more coal next year as it seeks to generate more power through new plants operated by its subsidiary PT I ...
Tuesday, 24 March 09
INDONESIA'S KPC AGREES FIRST MAJOR CHINA COAL DEAL - REUTERS
Indonesian miner PT Kaltim Prima Coal last week agreed its first major long-term deal to sell thermal coal to China, with 1 million tonnes to be shi ...
Tuesday, 24 March 09
INDONESIA ANTAM'S SETS ASIDE $37 MLN FOR COAL MINES - REUTERS
Indonesian state-owned miner, PT Aneka Tambang Tbk, has allocated $37 million for acquiring coal mines, the company said on Monday.
Antam said la ...
Monday, 23 March 09
NIPPON STEEL, BMA AGREE TO 57 PCT CUT IN COAL PRICE - REUTERS
Nippon Steel Corp has agreed with Australia's BHP Billiton Mitsubishi Alliance (BMA) to pay $128 to $129 per tonne for coking coal in the year from ...
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- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
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- Chettinad Cement Corporation Ltd - India
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- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
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- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
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- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
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- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- The University of Queensland
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
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- SMG Consultants - Indonesia
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- SMC Global Power, Philippines
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- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
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- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
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- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
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- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Minerals Council of Australia
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- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
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- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Planning Commission, India
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- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
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- Parliament of New Zealand
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- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
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- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
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- The Treasury - Australian Government
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- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
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- Siam City Cement PLC, Thailand
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