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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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Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
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- GN Power Mariveles Coal Plant, Philippines
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- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
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- New Zealand Coal & Carbon
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- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
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- Mercator Lines Limited - India
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- Global Business Power Corporation, Philippines
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- Eastern Coal Council - USA
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- Indian Energy Exchange, India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Ministry of Transport, Egypt
- Romanian Commodities Exchange
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- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
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- Singapore Mercantile Exchange
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- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
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- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
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- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
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- Semirara Mining Corp, Philippines
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- Directorate Of Revenue Intelligence - India
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- CNBM International Corporation - China
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- Aboitiz Power Corporation - Philippines
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- Gujarat Electricity Regulatory Commission - India
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- Economic Council, Georgia
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- Lanco Infratech Ltd - India
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- Orica Mining Services - Indonesia
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- Orica Australia Pty. Ltd.
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- Eastern Energy - Thailand
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- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
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- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
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- White Energy Company Limited
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- Electricity Authority, New Zealand
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- VISA Power Limited - India
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- PTC India Limited - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
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