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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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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
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