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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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Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
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- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Economic Council, Georgia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- The University of Queensland
- VISA Power Limited - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
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