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Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers for this year's annual contract prices, its board secretary, Huang Qing, said on Monday.
Earlier Chinese media reports had said Shenhua had offered lower prices to overseas clients, but Huang denied this.
"We treat our domestic and overseas clients fairly. It's impossible that we would offer lower prices to overseas clients than domestic clients," Huang told Reuters.
"The negotiation has not concluded yet and therefore the price is still unknown."
Huang also said a local newspaper report that Shenhua expected the term price with Japanese and Korean clients to be 540 yuan, or $79, a tonne was wrong.
"Overseas clients are still negotiating what grades of coal they would buy. One can't simply take the price, 540 yuan, that we've reached with domestic clients on annual supply contracts for coal with 5,500 kcal/kg at ports, divide by 6.8 and come to the conclusion that we wanted to sell to overseas clients at $79. It's definitely wrong."
Huang said he did not know when the negotiation would end.
Shenhua said earlier that by the end of the first quarter, it had accomplished its target of signing the domestic long-term contracts for the year. Price for thermal coal with calorific value of 5,500 kcal/kg was increased to 540 yuan a tonne, including of value-added tax.
China's top five power generating groups have not yet finished signing this year's annual supply contracts, industry sources said.
"The company strengthened the relationship with major customers and explored small and medium customers," said Huang. But he declined to comment on whether Shenhua has signed annual term contracts with the top five power firms.
Shenhua's commercial coal output in May jumped 19 percent from a year earlier to 18.2 million tonnes, but coal exports tumbled 60 percent on the year to 800,000 tonnes, the company said in a statement. ($1=6.838 Yuan)
Source:http://www.reuters.com/article/rbssEnergyNews/idUSSHA3233420090615
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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
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- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
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