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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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Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
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- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Latin American Coal - Colombia
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- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
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- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
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- London Commodity Brokers - England
- Sakthi Sugars Limited - India
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- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
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- Thiess Contractors Indonesia
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- Parliament of New Zealand
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- TeaM Sual Corporation - Philippines
- Planning Commission, India
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- Directorate Of Revenue Intelligence - India
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- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
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- Directorate General of MIneral and Coal - Indonesia
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- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- PTC India Limited - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
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- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
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- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
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- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
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- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
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- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
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- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
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- Madhucon Powers Ltd - India
- Economic Council, Georgia
- White Energy Company Limited
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- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
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- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
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- MS Steel International - UAE
- Antam Resourcindo - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
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- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
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- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
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- Australian Commodity Traders Exchange
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- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
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