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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Deloitte Consulting - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
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- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
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- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
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- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- The University of Queensland
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
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- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
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- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
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- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
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- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
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- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
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