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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, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Agrawal Coal Company - India
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
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