We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
 As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the short end of the stick had finally taken actions to strive for their life China's Shenhua Group, China Coal and Datong Coal Mine Group have signed power coal contracts for 2009 with Japan and Korea setting power coal price at USD 78.5 per tonne.
China's coal plants have endured for long, since power enterprises have been importing coal from abroad for long, leaving domestic coal plants behind. Since this February, China's coal imports have been surging significantly. Statistic from the customs indicate coal import volume in February stayed at 4.88 million tonnes, in March 5.76 million tonnes in April it shoot up to 9.16 million tonne and then in May it finally went up to 9.43 million tonnes which is already double of the same period in 2008.
Analysts point out that this was driven by the low price of overseas resources as well as the fact that so far no agreements had ever been made with domestic coal plants. And then on the side of exports, the volume in May turned out at 1.19 million tonnes the lowest in 10 years.
The contract price between the three coal groups and Japan, Korea came out 45% lower than the same period of last year. Korea is going to import coal of 5,800 calorie per kilogram at USD 78.5 per tonne, which equals to CNY 540 per tonne including 10% export tariff. This variety of coal stays at CNY 610 per tonne now at home.
Mr Li Chaolin an expert of China's coal industry said "Since this year power enterprises have been adding pressure to coal plants by buying overseas resources; now that coal plants have also reached out, it's inevitably underscoring that they are no longer keeping silent now, but trying ways out actively."
Although both power and coal enterprises are reaching out, industry insiders believe that it's not likely to have much impact on China's power coal negotiation, for the volume imported outside takes up only a tiny bit of all leaving domestic resources as mainstream Statistics show that China produced 2.71 billion tonnes of coal in 2008, while only 45.43 million tonnes were exported accounting for a meager 2%.
Another coal expert who requested anonymity said both the two sectors have been monopolized and are involved in resource allocation in the country and that the long overdue agreement between them will finally be made under the intervention of the country.
Source: Steel Guru (http://steelguru.com/news/index/2009/06/21/OTkyNjI%3D/Chinese_miners_seal_thermal_coal_deals_with_Japan_and_Korea.html)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
|
|
|
Showing 6661 to 6665 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Planning Commission, India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
|
| |
| |
|
