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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, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
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- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
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- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
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- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
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- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Bhushan Steel Limited - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Mjunction Services Limited - India
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