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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, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
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- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
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