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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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Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
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- Australian Coal Association
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- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Aditya Birla Group - India
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- McConnell Dowell - Australia
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- Economic Council, Georgia
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- London Commodity Brokers - England
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- Indika Energy - Indonesia
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- Samtan Co., Ltd - South Korea
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- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
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- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
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- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Indonesian Coal Mining Association
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- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
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- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
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- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Coal Blending Company Limited - Australia
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- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
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- Barasentosa Lestari - Indonesia
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- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
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- Parliament of New Zealand
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