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

Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...


Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...


Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...


Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...


Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in the mining ...


   1331 1332 1333 1334 1335   
Showing 6661 to 6665 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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