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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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Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
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- Romanian Commodities Exchange
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- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
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- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
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- Karbindo Abesyapradhi - Indoneisa
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- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
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- Sree Jayajothi Cements Limited - India
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- Posco Energy - South Korea
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
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- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
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- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
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- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
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- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
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- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
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- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
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- Sojitz Corporation - Japan
- Sical Logistics Limited - India
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- Therma Luzon, Inc, Philippines
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- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- PTC India Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
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