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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, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
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- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
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- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
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- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
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- Central Electricity Authority - India
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- Mercuria Energy - Indonesia
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- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
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- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
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- Coal and Oil Company - UAE
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- Parliament of New Zealand
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- The University of Queensland
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- Dalmia Cement Bharat India
- Economic Council, Georgia
- PTC India Limited - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
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- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
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- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
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- Larsen & Toubro Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
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- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
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- Miang Besar Coal Terminal - Indonesia
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- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
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- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
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- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
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- Siam City Cement PLC, Thailand
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- Independent Power Producers Association of India
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