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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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Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
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- Toyota Tsusho Corporation, Japan
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- Petrochimia International Co. Ltd.- Taiwan
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- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Bhushan Steel Limited - India
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- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
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- Karbindo Abesyapradhi - Indoneisa
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- The University of Queensland
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- IEA Clean Coal Centre - UK
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- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- McConnell Dowell - Australia
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- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
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- Indo Tambangraya Megah - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
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- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Energy Development Corp, Philippines
- MS Steel International - UAE
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
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- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
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- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
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- Orica Australia Pty. Ltd.
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- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- White Energy Company Limited
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- Rashtriya Ispat Nigam Limited - India
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- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
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- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
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- Gujarat Mineral Development Corp Ltd - India
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- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
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- Trasteel International SA, Italy
- Aditya Birla Group - India
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- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
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- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
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- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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