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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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Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- The University of Queensland
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
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