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Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
 China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity Corp aims to increase its annual coal output to 20 million tons this year.
The company, a subsidiary located in Hulunbuir, Inner Mongolia autonomous region under China's leading power generator Huaneng Group, now has an installed capacity of 2,200 mW. It currently can produce 15 million tons of coal each year.
"Using coal all produced by ourselves, we have reduced our cost a lot," said Yin Long, general manager of Huaneng Yimin.
The company also sells some amount of coal to other power companies. It is also planning for its own coal-to-gas and coal-to-chemical projects to further diversify its business portfolio, said Yin.
Rising coal prices have always been a headache for China's power generators. Last year because of the sharp rise in coal prices major power companies all incurred losses in their power generation business.
Coal-fired power accounts for over 70 percent of China's total power generation. The country's main power companies have all accelerated their development of coal mine projects.
For instance, Datang International Power Generation Co, the listed arm of China Datang Corp, earlier said it aims to get 50 percent of its profit from sources other than electricity in the next decade, including fuel production.
Projects such as coal and coal-to-chemicals production may account for half of the company's profit by 2015, Cao Jingshan, president of the country's second-largest power producer, told reporters earlier this month.
Some analysts believe that development of more coal-power joint projects is an inevitable trend in the industry. "With a foothold in coal production, the upstream of power generation business, companies can reduce their risks," said Li Chaolin, coal analyst.
"With more coal mine assets in hand, power companies can have a stronger say when they bargain with coal producers for prices," he said.
China's five major power companies have all quickened their pace in taking coal mine assets in northwestern China, especially in Inner Mongolia and Xinjiang Uygur autonomous regions, he added.
However, some analysts said this could lead to an overcapacity in the power industry.
"In some areas there has already been an overcapacity in power generation. I am worried more such projects will make the situation worse," said an industry insider who declined to be named.
China's power consumption in July rose 6 percent to 342 billion kWh over the same month of last year, said China's National Energy Administration (NEA). The figure was 10.9 percent more than that of June, NEA said.
China's coal production continued to ease in the first half of this year on flat domestic demand amid the economic slowdown.
Crude coal output increased 8.7 percent year-on-year to 1.36 billion tons in the first six months, but 6.1 percentage points lower than the same period a year ago, data released by the National Development and Reform Commission has shown.
Source: China Daily
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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- White Energy Company Limited
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Australian Coal Association
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
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