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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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Tuesday, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boos ...
Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...
Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year.
Indian coal buyers were a ...
Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...
Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure sup ...
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- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- White Energy Company Limited
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
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