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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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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
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