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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, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
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- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- The University of Queensland
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
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