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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
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- Tamil Nadu electricity Board
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- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
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- Directorate Of Revenue Intelligence - India
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- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
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- Gujarat Electricity Regulatory Commission - India
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- Kumho Petrochemical, South Korea
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- IEA Clean Coal Centre - UK
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- Intertek Mineral Services - Indonesia
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- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
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- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
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- The University of Queensland
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- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
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- Anglo American - United Kingdom
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- Bangladesh Power Developement Board
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- Kohat Cement Company Ltd. - Pakistan
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- The State Trading Corporation of India Ltd
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- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
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- Romanian Commodities Exchange
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
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- Lanco Infratech Ltd - India
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- Goldman Sachs - Singapore
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bahari Cakrawala Sebuku - Indonesia
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- IHS Mccloskey Coal Group - USA
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- PTC India Limited - India
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- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
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- Australian Coal Association
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