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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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Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
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- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- White Energy Company Limited
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
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- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
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