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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, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
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- Dalmia Cement Bharat India
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- Bangladesh Power Developement Board
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- Deloitte Consulting - India
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- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
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- Eastern Energy - Thailand
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- Holcim Trading Pte Ltd - Singapore
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- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
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- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
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- Xindia Steels Limited - India
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- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Thiess Contractors Indonesia
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- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
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- International Coal Ventures Pvt Ltd - India
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- Bhushan Steel Limited - India
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- Gujarat Electricity Regulatory Commission - India
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- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
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- Ministry of Mines - Canada
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- Indian Energy Exchange, India
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- PTC India Limited - India
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- Thai Mozambique Logistica
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- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
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- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
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- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Economic Council, Georgia
- Singapore Mercantile Exchange
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- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
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- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
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- Minerals Council of Australia
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- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
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- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
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- Central Electricity Authority - India
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- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
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- Karbindo Abesyapradhi - Indoneisa
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- Samtan Co., Ltd - South Korea
- The University of Queensland
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- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
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