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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, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...
Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
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- Star Paper Mills Limited - India
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- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Parliament of New Zealand
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
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- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
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- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
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- New Zealand Coal & Carbon
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- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- GAC Shipping (India) Pvt Ltd
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- LBH Netherlands Bv - Netherlands
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- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
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- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
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- Samtan Co., Ltd - South Korea
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- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
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- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Marubeni Corporation - India
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- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
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- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
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- Wilmar Investment Holdings
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- Indian Oil Corporation Limited
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- Parry Sugars Refinery, India
- Ministry of Mines - Canada
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- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
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- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
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- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
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