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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, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
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- Planning Commission, India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Economic Council, Georgia
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- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
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- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
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