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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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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
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- Bhushan Steel Limited - India
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- Thai Mozambique Logistica
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- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
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- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
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- The University of Queensland
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- Dalmia Cement Bharat India
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- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
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- Indian Oil Corporation Limited
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- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
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- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
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- European Bulk Services B.V. - Netherlands
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- Altura Mining Limited, Indonesia
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- White Energy Company Limited
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- Australian Commodity Traders Exchange
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- SMC Global Power, Philippines
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- Deloitte Consulting - India
- Romanian Commodities Exchange
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- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
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- Thiess Contractors Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Electricity Authority, New Zealand
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- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
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- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
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- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
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- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
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- Economic Council, Georgia
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- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Planning Commission, India
- Minerals Council of Australia
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- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
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- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Ministry of Mines - Canada
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- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
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- Siam City Cement - Thailand
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- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
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- Ambuja Cements Ltd - India
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- MS Steel International - UAE
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
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- Singapore Mercantile Exchange
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