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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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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
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