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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, 27 April 10
S.KOREA EWP SEEKS 0.520 MILLION TONS OF SUB-BITUMINOUS COAL
COALspot.com: South Korea East West Power Company has called for term bids for supply of Sub-bituminous Coal for Dangjin Thermal Power Pla ...
Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
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- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
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- India Bulls Power Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Planning Commission, India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
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