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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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Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
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- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
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