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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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Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
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- Straits Asia Resources Limited - Singapore
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- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
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- Leighton Contractors Pty Ltd - Australia
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- The University of Queensland
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- Minerals Council of Australia
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- MS Steel International - UAE
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- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- VISA Power Limited - India
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- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
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- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
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- Australian Coal Association
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- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
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- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
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- Goldman Sachs - Singapore
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- Billiton Holdings Pty Ltd - Australia
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- Indian Energy Exchange, India
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- Orica Mining Services - Indonesia
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- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
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- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
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- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
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- Planning Commission, India
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- Romanian Commodities Exchange
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- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
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- Petron Corporation, Philippines
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