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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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Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
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- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
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- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
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- IEA Clean Coal Centre - UK
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- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
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- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
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- The State Trading Corporation of India Ltd
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- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
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- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Planning Commission, India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
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