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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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Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...
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- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
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