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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, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
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- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
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