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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, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buo ...
Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
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- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
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- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
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