COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...


Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...


Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...


Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...


Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...


   1267 1268 1269 1270 1271   
Showing 6341 to 6345 news of total 6871
News by Category
Popular News
 
Total Members : 28,635
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Gupta Coal India Ltd
  • U S Energy Resources
  • World Bank
  • GB Group - China
  • Electricity Authority, New Zealand
  • GAC Shipping (India) Pvt Ltd
  • Samtan Co., Ltd - South Korea
  • ETA - Dubai
  • Coalindo Energy - Indonesia
  • Arutmin Indonesia
  • Jindal Steel & Power Ltd - India
  • Ince & co LLP
  • Standard Chartered Bank - UAE
  • Kartika Selabumi Mining - Indonesia
  • Independent Power Producers Association of India
  • LBH Netherlands Bv - Netherlands
  • Sarangani Energy Corporation, Philippines
  • Sindya Power Generating Company Private Ltd
  • Cemex - Philippines
  • ACC Limited - India
  • Indorama - Singapore
  • Shenhua Group - China
  • Bank of China, Malaysia
  • Thermax Limited - India
  • Mercator Lines Limited - India
  • CCIC - Indonesia
  • Wood Mackenzie - Singapore
  • Timah Investasi Mineral - Indoneisa
  • Kapuas Tunggal Persada - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Siam City Cement PLC, Thailand
  • India Bulls Power Limited - India
  • Bangkok Bank PCL
  • Credit Suisse - India
  • Ministry of Finance - Indonesia
  • Australian Coal Association
  • Makarim & Taira - Indonesia
  • Coal Orbis AG
  • Kalimantan Lumbung Energi - Indonesia
  • PetroVietnam
  • Karbindo Abesyapradhi - Indoneisa
  • Cebu Energy, Philippines
  • Marubeni Corporation - India
  • Directorate Of Revenue Intelligence - India
  • Chamber of Mines of South Africa
  • Minerals Council of Australia
  • Gujarat Mineral Development Corp Ltd - India
  • Ceylon Electricity Board - Sri Lanka
  • WorleyParsons
  • Permata Bank - Indonesia
  • Orica Australia Pty. Ltd.
  • Globalindo Alam Lestari - Indonesia
  • Videocon Industries ltd - India
  • Manunggal Multi Energi - Indonesia
  • Idemitsu - Japan
  • Clarksons - UK
  • Ministry of Mines - Canada
  • Cargill India Pvt Ltd
  • Enel Italy
  • TGV SRAAC LIMITED, India
  • RBS Sempra - UK
  • Maheswari Brothers Coal Limited - India
  • Humpuss - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • AsiaOL BioFuels Corp., Philippines
  • BNP Paribas - Singapore
  • Mechel - Russia
  • Star Paper Mills Limited - India
  • Asian Development Bank
  • Indian Energy Exchange, India
  • Intertek Mineral Services - Indonesia
  • IMC Shipping - Singapore
  • Eastern Coal Council - USA
  • Aboitiz Power Corporation - Philippines
  • Sucofindo - Indonesia
  • SUEK AG - Indonesia
  • TANGEDCO India
  • Bayan Resources Tbk. - Indonesia
  • Coal and Oil Company - UAE
  • Lafarge - France
  • Singapore Mercantile Exchange
  • McKinsey & Co - India
  • Meenaskhi Energy Private Limited - India
  • CESC Limited - India
  • Platts
  • Bhoruka Overseas - Indonesia
  • Coastal Gujarat Power Limited - India
  • Agrawal Coal Company - India
  • Posco Energy - South Korea
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • JPMorgan - India
  • OCBC - Singapore
  • Carbofer General Trading SA - India
  • Leighton Contractors Pty Ltd - Australia
  • Jaiprakash Power Ventures ltd
  • The University of Queensland
  • Chettinad Cement Corporation Ltd - India
  • London Commodity Brokers - England
  • Georgia Ports Authority, United States
  • Gresik Semen - Indonesia
  • SGS (Thailand) Limited
  • Arch Coal - USA
  • PowerSource Philippines DevCo
  • Sojitz Corporation - Japan
  • Metalloyd Limited - United Kingdom
  • European Bulk Services B.V. - Netherlands
  • Merrill Lynch Bank
  • Maybank - Singapore
  • The India Cements Ltd
  • Asia Cement - Taiwan
  • Jatenergy - Australia
  • ANZ Bank - Australia
  • GVK Power & Infra Limited - India
  • Japan Coal Energy Center
  • EMO - The Netherlands
  • Indonesia Power. PT
  • Pendopo Energi Batubara - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Xindia Steels Limited - India
  • Attock Cement Pakistan Limited
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • EIA - United States
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • GMR Energy Limited - India
  • Bangladesh Power Developement Board
  • Merrill Lynch Commodities Europe
  • ICICI Bank Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Malco - India
  • Fearnleys - India
  • Alfred C Toepfer International GmbH - Germany
  • Wilmar Investment Holdings
  • Rudhra Energy - India
  • Kepco SPC Power Corporation, Philippines
  • VISA Power Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Indian Oil Corporation Limited
  • Bulk Trading Sa - Switzerland
  • Planning Commission, India
  • Aditya Birla Group - India
  • Vale Mozambique
  • OPG Power Generation Pvt Ltd - India
  • GNFC Limited - India
  • Tamil Nadu electricity Board
  • Banpu Public Company Limited - Thailand
  • Riau Bara Harum - Indonesia
  • CIMB Investment Bank - Malaysia
  • Sakthi Sugars Limited - India
  • Argus Media - Singapore
  • PLN - Indonesia
  • Platou - Singapore
  • HSBC - Hong Kong
  • Thriveni
  • NALCO India
  • Samsung - South Korea
  • Anglo American - United Kingdom
  • Power Finance Corporation Ltd., India
  • PNOC Exploration Corporation - Philippines
  • Formosa Plastics Group - Taiwan
  • Iligan Light & Power Inc, Philippines
  • MS Steel International - UAE
  • Berau Coal - Indonesia
  • Economic Council, Georgia
  • World Coal - UK
  • International Coal Ventures Pvt Ltd - India
  • Tanito Harum - Indonesia
  • Geoservices-GeoAssay Lab
  • Kaltim Prima Coal - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • JPower - Japan
  • SMC Global Power, Philippines
  • PLN Batubara - Indonesia
  • Petrosea - Indonesia
  • SMG Consultants - Indonesia
  • Price Waterhouse Coopers - Russia
  • Shree Cement - India
  • MEC Coal - Indonesia
  • Medco Energi Mining Internasional
  • KOWEPO - South Korea
  • KPMG - USA
  • White Energy Company Limited
  • Peabody Energy - USA
  • Reliance Power - India
  • Parry Sugars Refinery, India
  • Vizag Seaport Private Limited - India
  • Coal India Limited
  • CNBM International Corporation - China
  • BRS Brokers - Singapore
  • Interocean Group of Companies - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Britmindo - Indonesia
  • Thiess Contractors Indonesia
  • Edison Trading Spa - Italy
  • Energy Link Ltd, New Zealand
  • PetroVietnam Power Coal Import and Supply Company
  • ING Bank NV - Singapore
  • Kobe Steel Ltd - Japan
  • Jorong Barutama Greston.PT - Indonesia
  • Indogreen Group - Indonesia
  • Essar Steel Hazira Ltd - India
  • Mitra SK Pvt Ltd - India
  • Tata Chemicals Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • IBC Asia (S) Pte Ltd
  • San Jose City I Power Corp, Philippines
  • KEPCO - South Korea
  • IEA Clean Coal Centre - UK
  • Maersk Broker
  • PTC India Limited - India
  • Grasim Industreis Ltd - India
  • KPCL - India
  • Central Electricity Authority - India
  • Infraline Energy - India
  • Kideco Jaya Agung - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Ambuja Cements Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Borneo Indobara - Indonesia
  • Maruti Cements - India
  • New Zealand Coal & Carbon
  • Neyveli Lignite Corporation Ltd, - India
  • Baramulti Group, Indonesia
  • bp singapore
  • Deloitte Consulting - India
  • Eastern Energy - Thailand
  • Oldendorff Carriers - Singapore
  • Bharathi Cement Corporation - India
  • Vitol - Bahrain
  • Heidelberg Cement - Germany
  • Siam City Cement - Thailand
  • Xstrata Coal
  • Cigading International Bulk Terminal - Indonesia
  • Semirara Mining Corp, Philippines
  • IHS Mccloskey Coal Group - USA
  • Ministry of Transport, Egypt
  • TRAFIGURA, South Korea
  • Electricity Generating Authority of Thailand
  • SASOL - South Africa
  • Mitsubishi Corporation
  • SRK Consulting
  • Inspectorate - India
  • Central Java Power - Indonesia
  • Freeport Indonesia
  • McConnell Dowell - Australia
  • Tata Power - India
  • Asmin Koalindo Tuhup - Indonesia
  • Mitsui
  • Surastha Cement
  • Inco-Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Parliament of New Zealand
  • South Luzon Thermal Energy Corporation
  • Core Mineral Indonesia
  • Mercuria Energy - Indonesia
  • IOL Indonesia
  • Indonesian Coal Mining Association
  • UBS Singapore
  • Adaro Indonesia
  • Rio Tinto Coal - Australia
  • Sical Logistics Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Adani Power Ltd - India
  • Simpson Spence & Young - Indonesia
  • Savvy Resources Ltd - HongKong
  • Qatrana Cement - Jordan
  • Krishnapatnam Port Company Ltd. - India
  • Binh Thuan Hamico - Vietnam
  • Noble Europe Ltd - UK
  • Australian Commodity Traders Exchange
  • Salva Resources Pvt Ltd - India
  • Cement Manufacturers Association - India
  • Dalmia Cement Bharat India
  • SN Aboitiz Power Inc, Philippines
  • Runge Indonesia
  • DBS Bank - Singapore
  • GHCL Limited - India
  • Vedanta Resources Plc - India
  • Miang Besar Coal Terminal - Indonesia
  • Bhushan Steel Limited - India
  • Renaissance Capital - South Africa
  • Altura Mining Limited, Indonesia
  • Barclays Capital - USA
  • globalCOAL - UK
  • Rashtriya Ispat Nigam Limited - India
  • ASAPP Information Group - India
  • Global Business Power Corporation, Philippines
  • Ind-Barath Power Infra Limited - India
  • Kobexindo Tractors - Indoneisa
  • Russian Coal LLC
  • Deutsche Bank - India
  • Therma Luzon, Inc, Philippines
  • UOB Asia (HK) Ltd
  • Bhatia International Limited - India
  • Mintek Dendrill Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Romanian Commodities Exchange
  • Ernst & Young Pvt. Ltd.
  • Petron Corporation, Philippines
  • Indika Energy - Indonesia
  • Latin American Coal - Colombia
  • Karaikal Port Pvt Ltd - India
  • Moodys - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Gujarat Sidhee Cement - India
  • Toyota Tsusho Corporation, Japan
  • J M Baxi & Co - India
  • Commonwealth Bank - Australia
  • Barasentosa Lestari - Indonesia
  • The State Trading Corporation of India Ltd
  • Africa Commodities Group - South Africa
  • Maharashtra Electricity Regulatory Commission - India
  • Thai Mozambique Logistica
  • Gujarat Electricity Regulatory Commission - India
  • Trasteel International SA, Italy
  • Mjunction Services Limited - India
  • Antam Resourcindo - Indonesia
  • CoalTek, United States
  • NTPC Limited - India
  • Panama Canal Authority
  • Cosco
  • APGENCO India
  • Bank of America
  • Malabar Cements Ltd - India
  • Thomson Reuters GRC
  • Coeclerici Indonesia
  • Lanco Infratech Ltd - India
  • Madhucon Powers Ltd - India
  • Uttam Galva Steels Limited - India
  • Orica Mining Services - Indonesia
  • Coaltrans Conferences
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Pinang Coal Indonesia
  • Cardiff University - UK
  • Global Coal Blending Company Limited - Australia
  • Kumho Petrochemical, South Korea
  • Indian School of Mines
  • Meralco Power Generation, Philippines
  • Thailand Anthracite
  • Larsen & Toubro Limited - India
  • Straits Asia Resources Limited - Singapore
  • TNPL - India
  • The Treasury - Australian Government
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Goldman Sachs - Singapore
  • Total Coal South Africa
  • Port Waratah Coal Services - Australia
  • Energy Development Corp, Philippines
  • Global Green Power PLC Corporation, Philippines
  • TeaM Sual Corporation - Philippines
  • Glencore India Pvt. Ltd
  • Directorate General of MIneral and Coal - Indonesia
  • Kohat Cement Company Ltd. - Pakistan