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

Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...


Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...


Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years. Physical global seaborne co ...


Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...


Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...


   1348 1349 1350 1351 1352   
Showing 6746 to 6750 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 ...

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