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 : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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