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

Friday, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...


Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...


Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...


Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd  will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...


Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...


   1337 1338 1339 1340 1341   
Showing 6691 to 6695 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 ...

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