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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
 As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the short end of the stick had finally taken actions to strive for their life China's Shenhua Group, China Coal and Datong Coal Mine Group have signed power coal contracts for 2009 with Japan and Korea setting power coal price at USD 78.5 per tonne.
China's coal plants have endured for long, since power enterprises have been importing coal from abroad for long, leaving domestic coal plants behind. Since this February, China's coal imports have been surging significantly. Statistic from the customs indicate coal import volume in February stayed at 4.88 million tonnes, in March 5.76 million tonnes in April it shoot up to 9.16 million tonne and then in May it finally went up to 9.43 million tonnes which is already double of the same period in 2008.
Analysts point out that this was driven by the low price of overseas resources as well as the fact that so far no agreements had ever been made with domestic coal plants. And then on the side of exports, the volume in May turned out at 1.19 million tonnes the lowest in 10 years.
The contract price between the three coal groups and Japan, Korea came out 45% lower than the same period of last year. Korea is going to import coal of 5,800 calorie per kilogram at USD 78.5 per tonne, which equals to CNY 540 per tonne including 10% export tariff. This variety of coal stays at CNY 610 per tonne now at home.
Mr Li Chaolin an expert of China's coal industry said "Since this year power enterprises have been adding pressure to coal plants by buying overseas resources; now that coal plants have also reached out, it's inevitably underscoring that they are no longer keeping silent now, but trying ways out actively."
Although both power and coal enterprises are reaching out, industry insiders believe that it's not likely to have much impact on China's power coal negotiation, for the volume imported outside takes up only a tiny bit of all leaving domestic resources as mainstream Statistics show that China produced 2.71 billion tonnes of coal in 2008, while only 45.43 million tonnes were exported accounting for a meager 2%.
Another coal expert who requested anonymity said both the two sectors have been monopolized and are involved in resource allocation in the country and that the long overdue agreement between them will finally be made under the intervention of the country.
Source: Steel Guru (http://steelguru.com/news/index/2009/06/21/OTkyNjI%3D/Chinese_miners_seal_thermal_coal_deals_with_Japan_and_Korea.html)
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Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
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- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- The University of Queensland
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Planning Commission, India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
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