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Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
 China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on the year, or flat after tax effects, sources said on Thursday.
The price increase is in line with deals signed earlier in Shandong and Henan provinces, said the sources, including an executive at one of the power producers and a power industry official, both with knowledge of the negotiations.
The tonnage contracted so far, estimated at more than 100 million tonnes, accounts for up to 20 percent of the total annual coal consumption at these companies, the sources said.
"We've signed some contracts in certain regions, but deals with most of the expected regions are still up in the air," said the power company executive.
The industry official said the top five firms might sign annual deals for 200-300 million tonnes in all.
The top five state-owned power groups -- Huaneng, Datang, Guodian, Huadian and China Power Investment -- have been in talks with coal producers since December last year to try to agree contract prices.
The absence of a deal within China and the slowdown in demand overseas helped drive Chinese imports of coal to a record high in April, the last month for which data is available.
After the Henan and Shandong deals, analysts at Nomura said they expected the price to spread to the rest of China.
"We believe the rest of the coal miners in China may take the prices they have negotiated as benchmarks to finalise coal contracts in other provinces," Nomura analysts Ivan Lee and Evan Li Nomura said in a note to clients on June 5.
They said if the trend continued, it would improve earnings forecasts for the power firms' listed units: Datang Power, China Resources Power, Huaneng Power, Huadian Power and China Power.
Last week Chinese miner Yanzhou Coal said it had struck deals for 7.84 million tonnes with an average benchmark price of 502.62 yuan per tonne, including 4.29 million tonnes for power producers at 463.86 yuan per tonne, a 4 percent increase from 2008.
The provincial deals involve local coal mines, not top Chinese miners such as Shenhua, which has insisted this year's contract price for coal with calorific value of 5,500 kcal/kg (NAR) should rise to 540 yuan a tonne, or 17 percent higher than last year.
The power firms have so far rejected Shenhua's price, citing deep losses last year due to rising coal costs and lower power demand amid the economic downturn.
Source:http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSHA8440720090611
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Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
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- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- MS Steel International - UAE
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- White Energy Company Limited
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
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