COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA


* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T

* Talks between individual power firms and miners ongoing

South Korean utilities have agreed 2009 thermal coal contracts with three Chinese producers at about $78.50 a tonne, down more than 45 percent from a year ago but in line with asking prices from China, two utility sources said on Wednesday.

Two separate utility sources said the five power companies have agreed to buy a total of three million tonnes of thermal coal from China's Shenhua Energy Co, China Coal Group and Datong Coal Mine Group.

The headline price of $78.50 a tonne is based on coal with a heating value of 5,800 kcal/kg (NAR) and is significantly higher than the low-$60s range which South Korean utilities were seeking as early as last month.

Apart from the agreed 3 million tonnes, South Korea's five power companies -- Kosep, Kospo, Komipo, Kowepo and Kewespo -- are also individually negotiating with Chinese producers for additional tonnage, said one of the utility sources.

"We've decided to settle with the Chinese because prices are now on an uptrend and there are also considerations that supplies may tighten in the third and fourth quarter, which could push prices higher," said the utility source who requested anonymity because he was not authorised to speak to the media.

The agreement, which was signed on Tuesday, comes amid a recent surge in Asian coal prices, which have jumped about 18 percent since May to about $74 a tonne on the globalCOAL Newcastle index, after touching a four-month high of $77.19 last week.

The long overdue settlement for contracts beginning from April may also set the tone for negotiations between Japanese utilities and Chinese miners, which have also been locked in annual contract talks since early this year.

Source: Reuters (http://www.reuters.com/article/rbssEnergyNews/idUSSYD47631820090617)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal * Petcoke prices up $10/T Feb-Jun, set to rise further * Domestic U.S. petcoke demand ma ...


Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...


Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
  The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...


Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...


Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country. India's leading e-commerce company Mjunction Services Ltd will ...


   1326 1327 1328 1329 1330   
Showing 6636 to 6640 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Cement Manufacturers Association - India
  • White Energy Company Limited
  • Indonesia Power. PT
  • Parliament of New Zealand
  • Bayan Resources Tbk. - Indonesia
  • SRK Consulting
  • Vijayanagar Sugar Pvt Ltd - India
  • Bharathi Cement Corporation - India
  • Africa Commodities Group - South Africa
  • Renaissance Capital - South Africa
  • Pendopo Energi Batubara - Indonesia
  • Indian Energy Exchange, India
  • Lanco Infratech Ltd - India
  • KOWEPO - South Korea
  • Goldman Sachs - Singapore
  • UBS Singapore
  • CESC Limited - India
  • Maybank - Singapore
  • Videocon Industries ltd - India
  • RBS Sempra - UK
  • San Jose City I Power Corp, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Altura Mining Limited, Indonesia
  • Ambuja Cements Ltd - India
  • Xindia Steels Limited - India
  • UOB Asia (HK) Ltd
  • Indogreen Group - Indonesia
  • Gujarat Sidhee Cement - India
  • Samtan Co., Ltd - South Korea
  • OCBC - Singapore
  • Medco Energi Mining Internasional
  • The India Cements Ltd
  • PowerSource Philippines DevCo
  • Maharashtra Electricity Regulatory Commission - India
  • Enel Italy
  • Energy Link Ltd, New Zealand
  • MEC Coal - Indonesia
  • World Bank
  • Binh Thuan Hamico - Vietnam
  • Toyota Tsusho Corporation, Japan
  • Larsen & Toubro Limited - India
  • Global Business Power Corporation, Philippines
  • Mercator Lines Limited - India
  • Australian Coal Association
  • Vedanta Resources Plc - India
  • BNP Paribas - Singapore
  • Coalindo Energy - Indonesia
  • McConnell Dowell - Australia
  • Shenhua Group - China
  • Posco Energy - South Korea
  • GHCL Limited - India
  • Coal India Limited
  • Anglo American - United Kingdom
  • Sical Logistics Limited - India
  • EIA - United States
  • Permata Bank - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Bhoruka Overseas - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Shree Cement - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Thai Mozambique Logistica
  • Ministry of Mines - Canada
  • J M Baxi & Co - India
  • Uttam Galva Steels Limited - India
  • ING Bank NV - Singapore
  • Singapore Mercantile Exchange
  • KPMG - USA
  • Pinang Coal Indonesia
  • Britmindo - Indonesia
  • Trasteel International SA, Italy
  • Electricity Authority, New Zealand
  • Indonesian Coal Mining Association
  • Maruti Cements - India
  • Kalimantan Lumbung Energi - Indonesia
  • ICICI Bank Limited - India
  • Kumho Petrochemical, South Korea
  • PetroVietnam Power Coal Import and Supply Company
  • IHS Mccloskey Coal Group - USA
  • Russian Coal LLC
  • Surastha Cement
  • PLN - Indonesia
  • Coal and Oil Company - UAE
  • WorleyParsons
  • Peabody Energy - USA
  • Tata Chemicals Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Bukit Baiduri Energy - Indonesia
  • PetroVietnam
  • Siam City Cement PLC, Thailand
  • European Bulk Services B.V. - Netherlands
  • India Bulls Power Limited - India
  • Sucofindo - Indonesia
  • Central Electricity Authority - India
  • Thiess Contractors Indonesia
  • NTPC Limited - India
  • TRAFIGURA, South Korea
  • AsiaOL BioFuels Corp., Philippines
  • SUEK AG - Indonesia
  • ASAPP Information Group - India
  • Kapuas Tunggal Persada - Indonesia
  • Vale Mozambique
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Aboitiz Power Corporation - Philippines
  • GB Group - China
  • Indika Energy - Indonesia
  • Baramulti Group, Indonesia
  • Geoservices-GeoAssay Lab
  • CCIC - Indonesia
  • Therma Luzon, Inc, Philippines
  • Thomson Reuters GRC
  • Sojitz Corporation - Japan
  • Glencore India Pvt. Ltd
  • Bhushan Steel Limited - India
  • Attock Cement Pakistan Limited
  • Romanian Commodities Exchange
  • Merrill Lynch Commodities Europe
  • Mercuria Energy - Indonesia
  • Petrosea - Indonesia
  • Intertek Mineral Services - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Carbofer General Trading SA - India
  • APGENCO India
  • Kideco Jaya Agung - Indonesia
  • Rio Tinto Coal - Australia
  • PLN Batubara - Indonesia
  • Indian School of Mines
  • Cebu Energy, Philippines
  • Mitsui
  • Lafarge - France
  • Idemitsu - Japan
  • Madhucon Powers Ltd - India
  • HSBC - Hong Kong
  • Makarim & Taira - Indonesia
  • DBS Bank - Singapore
  • Infraline Energy - India
  • Merrill Lynch Bank
  • Dalmia Cement Bharat India
  • Heidelberg Cement - Germany
  • IEA Clean Coal Centre - UK
  • Jatenergy - Australia
  • Meenaskhi Energy Private Limited - India
  • Savvy Resources Ltd - HongKong
  • Berau Coal - Indonesia
  • Japan Coal Energy Center
  • Bulk Trading Sa - Switzerland
  • Malabar Cements Ltd - India
  • Coastal Gujarat Power Limited - India
  • TGV SRAAC LIMITED, India
  • Coal Orbis AG
  • Semirara Mining Corp, Philippines
  • Gupta Coal India Ltd
  • Global Green Power PLC Corporation, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Vizag Seaport Private Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • Bahari Cakrawala Sebuku - Indonesia
  • World Coal - UK
  • GN Power Mariveles Coal Plant, Philippines
  • EMO - The Netherlands
  • Inco-Indonesia
  • KPCL - India
  • Thriveni
  • LBH Netherlands Bv - Netherlands
  • Power Finance Corporation Ltd., India
  • SMC Global Power, Philippines
  • Fearnleys - India
  • Star Paper Mills Limited - India
  • Cemex - Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Mitsubishi Corporation
  • Jindal Steel & Power Ltd - India
  • TeaM Sual Corporation - Philippines
  • Bangkok Bank PCL
  • Arch Coal - USA
  • Indian Oil Corporation Limited
  • Tata Power - India
  • Ince & co LLP
  • Cargill India Pvt Ltd
  • Petron Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Eastern Energy - Thailand
  • Kobexindo Tractors - Indoneisa
  • Billiton Holdings Pty Ltd - Australia
  • Economic Council, Georgia
  • GNFC Limited - India
  • Humpuss - Indonesia
  • Electricity Generating Authority of Thailand
  • Timah Investasi Mineral - Indoneisa
  • Gujarat Electricity Regulatory Commission - India
  • Samsung - South Korea
  • Planning Commission, India
  • Barasentosa Lestari - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • McKinsey & Co - India
  • Metalloyd Limited - United Kingdom
  • Independent Power Producers Association of India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • IBC Asia (S) Pte Ltd
  • Wood Mackenzie - Singapore
  • Ernst & Young Pvt. Ltd.
  • Clarksons - UK
  • Sindya Power Generating Company Private Ltd
  • Deutsche Bank - India
  • Asian Development Bank
  • Banpu Public Company Limited - Thailand
  • Meralco Power Generation, Philippines
  • Adaro Indonesia
  • London Commodity Brokers - England
  • Chettinad Cement Corporation Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Oldendorff Carriers - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • Sinarmas Energy and Mining - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • The Treasury - Australian Government
  • Bukit Asam (Persero) Tbk - Indonesia
  • Antam Resourcindo - Indonesia
  • Sakthi Sugars Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Runge Indonesia
  • Edison Trading Spa - Italy
  • International Coal Ventures Pvt Ltd - India
  • globalCOAL - UK
  • Grasim Industreis Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Credit Suisse - India
  • Simpson Spence & Young - Indonesia
  • Mechel - Russia
  • Minerals Council of Australia
  • SMG Consultants - Indonesia
  • KEPCO - South Korea
  • Coeclerici Indonesia
  • Eastern Coal Council - USA
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Orica Australia Pty. Ltd.
  • Barclays Capital - USA
  • Vitol - Bahrain
  • Borneo Indobara - Indonesia
  • PTC India Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • Marubeni Corporation - India
  • Asia Cement - Taiwan
  • Xstrata Coal
  • Mintek Dendrill Indonesia
  • Tanito Harum - Indonesia
  • Riau Bara Harum - Indonesia
  • JPower - Japan
  • OPG Power Generation Pvt Ltd - India
  • ACC Limited - India
  • Standard Chartered Bank - UAE
  • Jorong Barutama Greston.PT - Indonesia
  • TNPL - India
  • SGS (Thailand) Limited
  • Mitra SK Pvt Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Adani Power Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Karaikal Port Pvt Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Interocean Group of Companies - India
  • Rudhra Energy - India
  • Siam City Cement - Thailand
  • Formosa Plastics Group - Taiwan
  • Cigading International Bulk Terminal - Indonesia
  • Deloitte Consulting - India
  • Karbindo Abesyapradhi - Indoneisa
  • Wilmar Investment Holdings
  • Aditya Birla Group - India
  • Georgia Ports Authority, United States
  • Arutmin Indonesia
  • Platou - Singapore
  • Chamber of Mines of South Africa
  • The University of Queensland
  • Noble Europe Ltd - UK
  • Iligan Light & Power Inc, Philippines
  • Mjunction Services Limited - India
  • Freeport Indonesia
  • SASOL - South Africa
  • Bank of America
  • TANGEDCO India
  • Reliance Power - India
  • Coaltrans Conferences
  • ETA - Dubai
  • Rashtriya Ispat Nigam Limited - India
  • Moodys - Singapore
  • Maheswari Brothers Coal Limited - India
  • Agrawal Coal Company - India
  • NALCO India
  • Price Waterhouse Coopers - Russia
  • Ministry of Finance - Indonesia
  • IOL Indonesia
  • Bhatia International Limited - India
  • MS Steel International - UAE
  • Thailand Anthracite
  • Cardiff University - UK
  • Core Mineral Indonesia
  • South Luzon Thermal Energy Corporation
  • U S Energy Resources
  • New Zealand Coal & Carbon
  • TNB Fuel Sdn Bhd - Malaysia
  • Directorate Of Revenue Intelligence - India
  • Gresik Semen - Indonesia
  • GMR Energy Limited - India
  • Kobe Steel Ltd - Japan
  • Kepco SPC Power Corporation, Philippines
  • Salva Resources Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Australian Commodity Traders Exchange
  • Panama Canal Authority
  • JPMorgan - India
  • Central Java Power - Indonesia
  • Thermax Limited - India
  • ANZ Bank - Australia
  • Orica Mining Services - Indonesia
  • Bangladesh Power Developement Board
  • Maersk Broker
  • BRS Brokers - Singapore
  • Cosco
  • Kohat Cement Company Ltd. - Pakistan
  • Asmin Koalindo Tuhup - Indonesia
  • Indorama - Singapore
  • VISA Power Limited - India
  • Latin American Coal - Colombia
  • bp singapore
  • Qatrana Cement - Jordan
  • Parry Sugars Refinery, India
  • Sree Jayajothi Cements Limited - India
  • Jaiprakash Power Ventures ltd
  • Tamil Nadu electricity Board
  • Argus Media - Singapore
  • Total Coal South Africa
  • Globalindo Alam Lestari - Indonesia
  • The State Trading Corporation of India Ltd
  • GVK Power & Infra Limited - India
  • Commonwealth Bank - Australia
  • CIMB Investment Bank - Malaysia
  • Sarangani Energy Corporation, Philippines
  • Platts
  • IMC Shipping - Singapore
  • Ministry of Transport, Egypt
  • CoalTek, United States
  • Malco - India
  • Inspectorate - India
  • Ind-Barath Power Infra Limited - India
  • CNBM International Corporation - China
  • Bank of China, Malaysia
  • Gujarat Mineral Development Corp Ltd - India
  • Essar Steel Hazira Ltd - India
  • Energy Development Corp, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Leighton Contractors Pty Ltd - Australia