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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, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
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- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- The University of Queensland
- MS Steel International - UAE
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
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