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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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Wednesday, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Planning Commission, India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- The University of Queensland
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Economic Council, Georgia
- London Commodity Brokers - England
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