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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, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
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- Energy Link Ltd, New Zealand
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- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
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- Larsen & Toubro Limited - India
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- Indonesian Coal Mining Association
- GMR Energy Limited - India
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- Tamil Nadu electricity Board
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- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
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- Wood Mackenzie - Singapore
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- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
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- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
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- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
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- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
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- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
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- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- The University of Queensland
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- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Planning Commission, India
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