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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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Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
Tuesday, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...
Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...
Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...
Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
Howeve ...
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- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Economic Council, Georgia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- The University of Queensland
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