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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, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
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- The State Trading Corporation of India Ltd
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- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Anglo American - United Kingdom
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- Indian Energy Exchange, India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
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- Ministry of Transport, Egypt
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- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
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- Straits Asia Resources Limited - Singapore
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- Petrochimia International Co. Ltd.- Taiwan
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- Independent Power Producers Association of India
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- Antam Resourcindo - Indonesia
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- Romanian Commodities Exchange
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- Rio Tinto Coal - Australia
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- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
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- OPG Power Generation Pvt Ltd - India
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- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
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- Power Finance Corporation Ltd., India
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- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Wilmar Investment Holdings
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- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
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- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- Attock Cement Pakistan Limited
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- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
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- Cement Manufacturers Association - India
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- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
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- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
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- Electricity Authority, New Zealand
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- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
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- Jindal Steel & Power Ltd - India
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- Merrill Lynch Commodities Europe
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- Chamber of Mines of South Africa
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- Semirara Mining Corp, Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- The University of Queensland
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- Trasteel International SA, Italy
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- Commonwealth Bank - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
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- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
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- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
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- Pipit Mutiara Jaya. PT, Indonesia
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