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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 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Renaissance Capital - South Africa
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- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
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- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
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- Latin American Coal - Colombia
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- Kapuas Tunggal Persada - Indonesia
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- Edison Trading Spa - Italy
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- Siam City Cement PLC, Thailand
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- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Standard Chartered Bank - UAE
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- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
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- McConnell Dowell - Australia
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- Manunggal Multi Energi - Indonesia
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- Siam City Cement - Thailand
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- Romanian Commodities Exchange
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- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
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- Directorate Of Revenue Intelligence - India
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- Indonesian Coal Mining Association
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- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
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- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
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- Planning Commission, India
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- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
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- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- GMR Energy Limited - India
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- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
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- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
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- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
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- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
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- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
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- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
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- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
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- Australian Commodity Traders Exchange
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- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
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