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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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Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Parry Sugars Refinery, India
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- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
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- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
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- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
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- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
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- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
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- Orica Mining Services - Indonesia
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- Ministry of Finance - Indonesia
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- Rashtriya Ispat Nigam Limited - India
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- Sakthi Sugars Limited - India
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- The University of Queensland
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- Directorate General of MIneral and Coal - Indonesia
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- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
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- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Indonesian Coal Mining Association
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- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
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- Thai Mozambique Logistica
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- Electricity Authority, New Zealand
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- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Indian Energy Exchange, India
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- Australian Coal Association
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- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
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- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
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- Rio Tinto Coal - Australia
- Planning Commission, India
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- Kepco SPC Power Corporation, Philippines
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- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
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- Georgia Ports Authority, United States
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- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
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- Wilmar Investment Holdings
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- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
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- Indian Oil Corporation Limited
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- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
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- Parliament of New Zealand
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- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
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- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
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- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
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