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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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Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
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- McConnell Dowell - Australia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
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- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- The University of Queensland
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- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
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- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
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- PNOC Exploration Corporation - Philippines
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- Commonwealth Bank - Australia
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- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
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- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
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- Central Electricity Authority - India
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- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
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- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
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- Coastal Gujarat Power Limited - India
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- Leighton Contractors Pty Ltd - Australia
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- Parry Sugars Refinery, India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Planning Commission, India
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- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
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- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
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- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
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- Medco Energi Mining Internasional
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- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
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