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Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
 China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers for this year's annual contract prices, its board secretary, Huang Qing, said on Monday.
Earlier Chinese media reports had said Shenhua had offered lower prices to overseas clients, but Huang denied this.
"We treat our domestic and overseas clients fairly. It's impossible that we would offer lower prices to overseas clients than domestic clients," Huang told Reuters.
"The negotiation has not concluded yet and therefore the price is still unknown."
Huang also said a local newspaper report that Shenhua expected the term price with Japanese and Korean clients to be 540 yuan, or $79, a tonne was wrong.
"Overseas clients are still negotiating what grades of coal they would buy. One can't simply take the price, 540 yuan, that we've reached with domestic clients on annual supply contracts for coal with 5,500 kcal/kg at ports, divide by 6.8 and come to the conclusion that we wanted to sell to overseas clients at $79. It's definitely wrong."
Huang said he did not know when the negotiation would end.
Shenhua said earlier that by the end of the first quarter, it had accomplished its target of signing the domestic long-term contracts for the year. Price for thermal coal with calorific value of 5,500 kcal/kg was increased to 540 yuan a tonne, including of value-added tax.
China's top five power generating groups have not yet finished signing this year's annual supply contracts, industry sources said.
"The company strengthened the relationship with major customers and explored small and medium customers," said Huang. But he declined to comment on whether Shenhua has signed annual term contracts with the top five power firms.
Shenhua's commercial coal output in May jumped 19 percent from a year earlier to 18.2 million tonnes, but coal exports tumbled 60 percent on the year to 800,000 tonnes, the company said in a statement. ($1=6.838 Yuan)
Source:http://www.reuters.com/article/rbssEnergyNews/idUSSHA3233420090615
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Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...
Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...
Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...
Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May.
The figure surpasses the previ ...
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- GMR Energy Limited - India
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- SMC Global Power, Philippines
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- Intertek Mineral Services - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
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- Asmin Koalindo Tuhup - Indonesia
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- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
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- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- The University of Queensland
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- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
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- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
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- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
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- MS Steel International - UAE
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- Standard Chartered Bank - UAE
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- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
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- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
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- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- CNBM International Corporation - China
- Medco Energi Mining Internasional
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- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
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- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
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- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
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- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
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- Indian Energy Exchange, India
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- Oldendorff Carriers - Singapore
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- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
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- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
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- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
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- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
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- IHS Mccloskey Coal Group - USA
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- Australian Coal Association
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- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Economic Council, Georgia
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- Singapore Mercantile Exchange
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