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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, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
Monday, 27 April 09
INDONESIA S.KALIMANTAN GETS COAL TRUCKS OFF PUBLIC ROADS - REUTERS
A local government in one of Indonesia's top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage ...
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- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Planning Commission, India
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- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
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- Sindya Power Generating Company Private Ltd
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- Bukit Asam (Persero) Tbk - Indonesia
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- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
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- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
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- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
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- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
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- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
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- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
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- Chamber of Mines of South Africa
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- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Carbofer General Trading SA - India
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- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
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- Bhoruka Overseas - Indonesia
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- Leighton Contractors Pty Ltd - Australia
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