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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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Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
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