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