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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, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Interocean Group of Companies - India
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- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
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- New Zealand Coal & Carbon
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- McConnell Dowell - Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- White Energy Company Limited
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- Independent Power Producers Association of India
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- Mintek Dendrill Indonesia
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- Tata Chemicals Ltd - India
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- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- The University of Queensland
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- PNOC Exploration Corporation - Philippines
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- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
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- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
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- Bulk Trading Sa - Switzerland
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- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
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- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
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- VISA Power Limited - India
- Indian Oil Corporation Limited
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- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
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- IHS Mccloskey Coal Group - USA
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- Tamil Nadu electricity Board
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- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
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- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
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- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
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- PetroVietnam Power Coal Import and Supply Company
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- Planning Commission, India
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- PowerSource Philippines DevCo
- GMR Energy Limited - India
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- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
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- Parliament of New Zealand
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- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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