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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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Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
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- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Planning Commission, India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- White Energy Company Limited
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Australian Coal Association
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
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