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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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Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
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- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- PTC India Limited - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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