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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)
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Sunday, 28 June 09
INDIA CEMENTS TO INVEST RS 1,500 CR OVER 2 YEARS
Chennai-based India Cements is planning to invest around Rs 1,500 crore over the next two years for setting up a greenfield project in Rajasthan, po ...
Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
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- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
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- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Australian Coal Association
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- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
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- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
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- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
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- Rashtriya Ispat Nigam Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
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- Eastern Coal Council - USA
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- Metalloyd Limited - United Kingdom
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- Orica Mining Services - Indonesia
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- Indian Energy Exchange, India
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- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
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- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
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- Latin American Coal - Colombia
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- Petron Corporation, Philippines
- Ministry of Transport, Egypt
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- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
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- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
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- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
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- Price Waterhouse Coopers - Russia
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- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
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- The Treasury - Australian Government
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- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
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- The University of Queensland
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- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
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- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
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