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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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Friday, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
ENERGY and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
* Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct t ...
Thursday, 14 May 09
PAKISTAN WILL IMPORT 3.2 MILLION TON OF COAL IN 2009 - SEATRADE
COALspot.com (Pakistan) - SEATRADE Group of pakistan a single largest imported coal supplier in Pakistan, forecasting Pakistan steam coal imports wi ...
Wednesday, 13 May 09
ADARO, ITM EXPECT COAL GROWTH IN 2009
Adaro, which has a market capitalization of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and ...
Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
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- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
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- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
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- Formosa Plastics Group - Taiwan
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- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
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- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
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- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
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- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
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