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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, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
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- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
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