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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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Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
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- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
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- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
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- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
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- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
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- Larsen & Toubro Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
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- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
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- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
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- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
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- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
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- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
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- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
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- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
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