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

Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...


Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...


Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...


Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...


Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...


   1336 1337 1338 1339 1340   
Showing 6686 to 6690 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 ...

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