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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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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
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- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- SMC Global Power, Philippines
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