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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, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
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- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- The University of Queensland
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
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