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

Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...


Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...


Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...


Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...


Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May. The figure surpasses the previ ...


   1330 1331 1332 1333 1334   
Showing 6656 to 6660 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 ...

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