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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, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
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- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- The University of Queensland
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- MS Steel International - UAE
- White Energy Company Limited
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
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