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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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Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
Friday, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
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- Oldendorff Carriers - Singapore
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- South Luzon Thermal Energy Corporation
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- Merrill Lynch Commodities Europe
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- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Central Electricity Authority - India
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- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
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- SMC Global Power, Philippines
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- Mintek Dendrill Indonesia
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- Sojitz Corporation - Japan
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- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- The University of Queensland
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- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
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- PTC India Limited - India
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- Cement Manufacturers Association - India
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- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Parliament of New Zealand
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- The State Trading Corporation of India Ltd
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- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
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- Pipit Mutiara Jaya. PT, Indonesia
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- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
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- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
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- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
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- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
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- Australian Coal Association
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Planning Commission, India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
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- Bhatia International Limited - India
- Siam City Cement - Thailand
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- Carbofer General Trading SA - India
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- Attock Cement Pakistan Limited
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- Leighton Contractors Pty Ltd - Australia
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- Madhucon Powers Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
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- Savvy Resources Ltd - HongKong
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- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
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