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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, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
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- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Planning Commission, India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- GMR Energy Limited - India
- Central Java Power - Indonesia
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