COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA


* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T

* Talks between individual power firms and miners ongoing

South Korean utilities have agreed 2009 thermal coal contracts with three Chinese producers at about $78.50 a tonne, down more than 45 percent from a year ago but in line with asking prices from China, two utility sources said on Wednesday.

Two separate utility sources said the five power companies have agreed to buy a total of three million tonnes of thermal coal from China's Shenhua Energy Co, China Coal Group and Datong Coal Mine Group.

The headline price of $78.50 a tonne is based on coal with a heating value of 5,800 kcal/kg (NAR) and is significantly higher than the low-$60s range which South Korean utilities were seeking as early as last month.

Apart from the agreed 3 million tonnes, South Korea's five power companies -- Kosep, Kospo, Komipo, Kowepo and Kewespo -- are also individually negotiating with Chinese producers for additional tonnage, said one of the utility sources.

"We've decided to settle with the Chinese because prices are now on an uptrend and there are also considerations that supplies may tighten in the third and fourth quarter, which could push prices higher," said the utility source who requested anonymity because he was not authorised to speak to the media.

The agreement, which was signed on Tuesday, comes amid a recent surge in Asian coal prices, which have jumped about 18 percent since May to about $74 a tonne on the globalCOAL Newcastle index, after touching a four-month high of $77.19 last week.

The long overdue settlement for contracts beginning from April may also set the tone for negotiations between Japanese utilities and Chinese miners, which have also been locked in annual contract talks since early this year.

Source: Reuters (http://www.reuters.com/article/rbssEnergyNews/idUSSYD47631820090617)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps * Coal industry grapples with carbon polluter image German imports of hard coal are like ...


Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...


Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad. &ld ...


Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...


Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
  A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...


   1334 1335 1336 1337 1338   
Showing 6676 to 6680 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Asia Cement - Taiwan
  • Total Coal South Africa
  • Sakthi Sugars Limited - India
  • UOB Asia (HK) Ltd
  • Sucofindo - Indonesia
  • PTC India Limited - India
  • Simpson Spence & Young - Indonesia
  • KPMG - USA
  • Karaikal Port Pvt Ltd - India
  • The Treasury - Australian Government
  • Agrawal Coal Company - India
  • Romanian Commodities Exchange
  • Thai Mozambique Logistica
  • Adani Power Ltd - India
  • Cargill India Pvt Ltd
  • CCIC - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Shree Cement - India
  • Timah Investasi Mineral - Indoneisa
  • Pinang Coal Indonesia
  • Wilmar Investment Holdings
  • Peabody Energy - USA
  • Berau Coal - Indonesia
  • Global Business Power Corporation, Philippines
  • APGENCO India
  • Maheswari Brothers Coal Limited - India
  • CESC Limited - India
  • TGV SRAAC LIMITED, India
  • Siam City Cement - Thailand
  • South Luzon Thermal Energy Corporation
  • Arutmin Indonesia
  • PLN Batubara - Indonesia
  • Xstrata Coal
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • ACC Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Vedanta Resources Plc - India
  • Jaiprakash Power Ventures ltd
  • Merrill Lynch Bank
  • Bangladesh Power Developement Board
  • Mitra SK Pvt Ltd - India
  • TNPL - India
  • UBS Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Global Coal Blending Company Limited - Australia
  • KPCL - India
  • Ince & co LLP
  • Aboitiz Power Corporation - Philippines
  • Orica Australia Pty. Ltd.
  • Petron Corporation, Philippines
  • Jatenergy - Australia
  • Maersk Broker
  • Bulk Trading Sa - Switzerland
  • Parry Sugars Refinery, India
  • SRK Consulting
  • Tata Chemicals Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Fearnleys - India
  • CoalTek, United States
  • Riau Bara Harum - Indonesia
  • PNOC Exploration Corporation - Philippines
  • MEC Coal - Indonesia
  • Bangkok Bank PCL
  • Shenhua Group - China
  • Savvy Resources Ltd - HongKong
  • Kobe Steel Ltd - Japan
  • The India Cements Ltd
  • Japan Coal Energy Center
  • Ind-Barath Power Infra Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • IBC Asia (S) Pte Ltd
  • Coal India Limited
  • Larsen & Toubro Limited - India
  • Arch Coal - USA
  • Indonesia Power. PT
  • London Commodity Brokers - England
  • OPG Power Generation Pvt Ltd - India
  • KOWEPO - South Korea
  • Therma Luzon, Inc, Philippines
  • Adaro Indonesia
  • KEPCO - South Korea
  • GNFC Limited - India
  • Thailand Anthracite
  • Ceylon Electricity Board - Sri Lanka
  • Videocon Industries ltd - India
  • Energy Link Ltd, New Zealand
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Gupta Coal India Ltd
  • Mercator Lines Limited - India
  • Panama Canal Authority
  • Indian School of Mines
  • U S Energy Resources
  • GAC Shipping (India) Pvt Ltd
  • Vale Mozambique
  • ING Bank NV - Singapore
  • Sical Logistics Limited - India
  • Bukit Makmur.PT - Indonesia
  • HSBC - Hong Kong
  • Thriveni
  • Coal Orbis AG
  • Salva Resources Pvt Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Posco Energy - South Korea
  • Kobexindo Tractors - Indoneisa
  • Chamber of Mines of South Africa
  • Australian Commodity Traders Exchange
  • Maharashtra Electricity Regulatory Commission - India
  • Cebu Energy, Philippines
  • Bayan Resources Tbk. - Indonesia
  • Ministry of Transport, Egypt
  • Coastal Gujarat Power Limited - India
  • Semirara Mining Corp, Philippines
  • EMO - The Netherlands
  • Bahari Cakrawala Sebuku - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Thermax Limited - India
  • SMG Consultants - Indonesia
  • Interocean Group of Companies - India
  • Eastern Coal Council - USA
  • Madhucon Powers Ltd - India
  • McConnell Dowell - Australia
  • Vitol - Bahrain
  • Rudhra Energy - India
  • Kalimantan Lumbung Energi - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Billiton Holdings Pty Ltd - Australia
  • IHS Mccloskey Coal Group - USA
  • Jorong Barutama Greston.PT - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • International Coal Ventures Pvt Ltd - India
  • Attock Cement Pakistan Limited
  • Price Waterhouse Coopers - Russia
  • Grasim Industreis Ltd - India
  • globalCOAL - UK
  • Humpuss - Indonesia
  • Georgia Ports Authority, United States
  • Parliament of New Zealand
  • SUEK AG - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Glencore India Pvt. Ltd
  • NTPC Limited - India
  • Coalindo Energy - Indonesia
  • Planning Commission, India
  • White Energy Company Limited
  • CNBM International Corporation - China
  • Intertek Mineral Services - Indonesia
  • Inco-Indonesia
  • Thomson Reuters GRC
  • Bharathi Cement Corporation - India
  • Australian Coal Association
  • Trasteel International SA, Italy
  • Uttam Galva Steels Limited - India
  • Indonesian Coal Mining Association
  • Orica Mining Services - Indonesia
  • IMC Shipping - Singapore
  • Credit Suisse - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Gresik Semen - Indonesia
  • Formosa Plastics Group - Taiwan
  • Barasentosa Lestari - Indonesia
  • Cardiff University - UK
  • Infraline Energy - India
  • Star Paper Mills Limited - India
  • Sindya Power Generating Company Private Ltd
  • Ernst & Young Pvt. Ltd.
  • Indian Oil Corporation Limited
  • Petrosea - Indonesia
  • Coal and Oil Company - UAE
  • LBH Netherlands Bv - Netherlands
  • Malco - India
  • DBS Bank - Singapore
  • Kepco SPC Power Corporation, Philippines
  • Economic Council, Georgia
  • Anglo American - United Kingdom
  • Tata Power - India
  • Maruti Cements - India
  • bp singapore
  • Borneo Indobara - Indonesia
  • Maybank - Singapore
  • Edison Trading Spa - Italy
  • SMC Global Power, Philippines
  • SASOL - South Africa
  • Asian Development Bank
  • Freeport Indonesia
  • Mitsui
  • Gujarat Sidhee Cement - India
  • GVK Power & Infra Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Cemex - Philippines
  • Central Java Power - Indonesia
  • RBS Sempra - UK
  • Cement Manufacturers Association - India
  • Russian Coal LLC
  • Bhoruka Overseas - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Ministry of Mines - Canada
  • World Coal - UK
  • Alfred C Toepfer International GmbH - Germany
  • Toyota Tsusho Corporation, Japan
  • Sojitz Corporation - Japan
  • Surastha Cement
  • Baramulti Group, Indonesia
  • Renaissance Capital - South Africa
  • Bukit Baiduri Energy - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Globalindo Alam Lestari - Indonesia
  • Kumho Petrochemical, South Korea
  • Goldman Sachs - Singapore
  • Lafarge - France
  • Tamil Nadu electricity Board
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Kohat Cement Company Ltd. - Pakistan
  • PetroVietnam
  • BNP Paribas - Singapore
  • Directorate Of Revenue Intelligence - India
  • J M Baxi & Co - India
  • San Jose City I Power Corp, Philippines
  • GB Group - China
  • Deloitte Consulting - India
  • Platou - Singapore
  • Power Finance Corporation Ltd., India
  • SN Aboitiz Power Inc, Philippines
  • Energy Development Corp, Philippines
  • Metalloyd Limited - United Kingdom
  • ASAPP Information Group - India
  • Deutsche Bank - India
  • ETA - Dubai
  • Bank of America
  • NALCO India
  • PowerSource Philippines DevCo
  • TANGEDCO India
  • MS Steel International - UAE
  • Kideco Jaya Agung - Indonesia
  • TRAFIGURA, South Korea
  • Cigading International Bulk Terminal - Indonesia
  • Heidelberg Cement - Germany
  • Moodys - Singapore
  • ICICI Bank Limited - India
  • Banpu Public Company Limited - Thailand
  • Sarangani Energy Corporation, Philippines
  • IEA Clean Coal Centre - UK
  • Malabar Cements Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • BRS Brokers - Singapore
  • Enel Italy
  • Eastern Energy - Thailand
  • TeaM Sual Corporation - Philippines
  • ANZ Bank - Australia
  • EIA - United States
  • VISA Power Limited - India
  • Inspectorate - India
  • SGS (Thailand) Limited
  • Africa Commodities Group - South Africa
  • Noble Europe Ltd - UK
  • Marubeni Corporation - India
  • Krishnapatnam Port Company Ltd. - India
  • Medco Energi Mining Internasional
  • Independent Power Producers Association of India
  • Vijayanagar Sugar Pvt Ltd - India
  • New Zealand Coal & Carbon
  • Altura Mining Limited, Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Core Mineral Indonesia
  • India Bulls Power Limited - India
  • Wood Mackenzie - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Samsung - South Korea
  • World Bank
  • Chettinad Cement Corporation Ltd - India
  • The University of Queensland
  • Ministry of Finance - Indonesia
  • Meralco Power Generation, Philippines
  • Lanco Infratech Ltd - India
  • GMR Energy Limited - India
  • Thiess Contractors Indonesia
  • JPMorgan - India
  • Karbindo Abesyapradhi - Indoneisa
  • Indian Energy Exchange, India
  • Indorama - Singapore
  • Platts
  • AsiaOL BioFuels Corp., Philippines
  • Binh Thuan Hamico - Vietnam
  • Indogreen Group - Indonesia
  • OCBC - Singapore
  • Kaltim Prima Coal - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Standard Chartered Bank - UAE
  • WorleyParsons
  • Antam Resourcindo - Indonesia
  • Mjunction Services Limited - India
  • GHCL Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Britmindo - Indonesia
  • Essar Steel Hazira Ltd - India
  • Bhushan Steel Limited - India
  • Runge Indonesia
  • Aditya Birla Group - India
  • Geoservices-GeoAssay Lab
  • Singapore Mercantile Exchange
  • Clarksons - UK
  • Idemitsu - Japan
  • Xindia Steels Limited - India
  • Central Electricity Authority - India
  • Carbofer General Trading SA - India
  • Bank of China, Malaysia
  • Straits Asia Resources Limited - Singapore
  • Electricity Authority, New Zealand
  • Merrill Lynch Commodities Europe
  • Indo Tambangraya Megah - Indonesia
  • Mitsubishi Corporation
  • JPower - Japan
  • Indika Energy - Indonesia
  • Electricity Generating Authority of Thailand
  • Coaltrans Conferences
  • Mercuria Energy - Indonesia
  • PLN - Indonesia
  • Minerals Council of Australia
  • Barclays Capital - USA
  • Mintek Dendrill Indonesia
  • Reliance Power - India
  • Commonwealth Bank - Australia
  • Permata Bank - Indonesia
  • Mechel - Russia
  • Leighton Contractors Pty Ltd - Australia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Oldendorff Carriers - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Vizag Seaport Private Limited - India
  • Tanito Harum - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Dalmia Cement Bharat India
  • Cosco
  • Rio Tinto Coal - Australia
  • Samtan Co., Ltd - South Korea
  • Ambuja Cements Ltd - India
  • Argus Media - Singapore
  • Coeclerici Indonesia
  • Port Waratah Coal Services - Australia
  • Latin American Coal - Colombia
  • Holcim Trading Pte Ltd - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • Jindal Steel & Power Ltd - India
  • Bhatia International Limited - India
  • CIMB Investment Bank - Malaysia
  • IOL Indonesia
  • Qatrana Cement - Jordan
  • The State Trading Corporation of India Ltd
  • Makarim & Taira - Indonesia
  • Siam City Cement PLC, Thailand
  • Directorate General of MIneral and Coal - Indonesia
  • McKinsey & Co - India