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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, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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- Chettinad Cement Corporation Ltd - India
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- Indian Energy Exchange, India
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- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
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- GMR Energy Limited - India
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- Chamber of Mines of South Africa
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- Africa Commodities Group - South Africa
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- Price Waterhouse Coopers - Russia
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- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
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- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
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- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Malabar Cements Ltd - India
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- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
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- Ministry of Finance - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Minerals Council of Australia
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- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
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- Petrochimia International Co. Ltd.- Taiwan
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- Economic Council, Georgia
- Energy Link Ltd, New Zealand
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- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
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- Metalloyd Limited - United Kingdom
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- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
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- Madhucon Powers Ltd - India
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- Cement Manufacturers Association - India
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- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
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- SMG Consultants - Indonesia
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- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- The University of Queensland
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
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- GVK Power & Infra Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Trasteel International SA, Italy
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- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
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