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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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- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
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