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Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
 Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange that it was buying into two Shanxi coal companies through one of its wholly-owned subsidiaries.
The move indicates the company's expansion into upstream business to secure power coal supply and reduce operational risks, said a China Securities Journal report.
Huadian Power International, the listed arm of one of China's five leading power producers, China Huadian Corp, bought a 70 percent stake in each of the two coal companies for 397.6 million yuan ($58.19 million) and 362.6 million yuan respectively.
One of the coal miners will be put into production by the end of this year and the other by the first half of next year, according to the company statement.
With coal reserves of about 290 million tons, the coal companies will provide steady power coal to Huadian Power International's coal-fired power plants, especially for those in Shandong province, the statement noted.
The purchase shows Huadian Power International's determination to achieve coal self-sufficiency and will play a positive role in improving its future performance, the report said, citing an electricity industry researcher.
China, the second largest power consumer in the world, uses coal to generate about 80 percent of its electricity; therefore thermal coal prices are fairly sensitive to the country's power generators.
Chinese coal-fired power plants incurred losses of about 70 billion yuan in 2008 and the country's five leading power-generating companies lost about 30 billion yuan due to soaring power coal costs and the State's price cap on electricity, said Zhai Ruoyu, general manager of China Datang Corp in March this year.
Spot thermal coal prices in China reached a record high of over 1,000 yuan a ton last July. Now, it is hovering around 570 yuan per ton.
On the other hand, the unsuccessful annual coal price negotiation in late December pushed thermal power generators to seek more reliable coal supply sources.
Each year, China's coal producers and power companies sit down to negotiate the following year's contract coal prices, which have long been a bone of contention.
Negotiations for 2009 coal prices resulted in a deadlock, as domestic coal miners aimed to charge power producers 10 percent more for fuel under the 2009 annual contracts, while power producers wanted a price cut of as much as 10 percent.
In order to be less vulnerable to domestic coal prices and less dependent on domestic coal miners, Chinese power enterprises stepped into the coal-mining industry in succession and bought more coal from abroad.
China Datang Corp, also one of the country's five biggest power generators, has been given the green light to expand into the coal- mining business, authorities said in March.
The Customs statistics showed China's coal import reached 9.43 million tons in May, more than double that in the same period of last year. China's coal import and export amounted to 32.20 million and 10.53 million tons respectively in the January–May period, or a net import of some 22 million tons.
China's five biggest power generators include China Huaneng Group, China Datang Corp, China Guodian Corp, China Huadian Corp and China Power Investment Corp.
Source:china.org.cn
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Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
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- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Planning Commission, India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
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