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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, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...
Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...
Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...
Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year.
Kuzbasskaya Topli ...
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- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Planning Commission, India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
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