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Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
 Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange that it was buying into two Shanxi coal companies through one of its wholly-owned subsidiaries.
The move indicates the company's expansion into upstream business to secure power coal supply and reduce operational risks, said a China Securities Journal report.
Huadian Power International, the listed arm of one of China's five leading power producers, China Huadian Corp, bought a 70 percent stake in each of the two coal companies for 397.6 million yuan ($58.19 million) and 362.6 million yuan respectively.
One of the coal miners will be put into production by the end of this year and the other by the first half of next year, according to the company statement.
With coal reserves of about 290 million tons, the coal companies will provide steady power coal to Huadian Power International's coal-fired power plants, especially for those in Shandong province, the statement noted.
The purchase shows Huadian Power International's determination to achieve coal self-sufficiency and will play a positive role in improving its future performance, the report said, citing an electricity industry researcher.
China, the second largest power consumer in the world, uses coal to generate about 80 percent of its electricity; therefore thermal coal prices are fairly sensitive to the country's power generators.
Chinese coal-fired power plants incurred losses of about 70 billion yuan in 2008 and the country's five leading power-generating companies lost about 30 billion yuan due to soaring power coal costs and the State's price cap on electricity, said Zhai Ruoyu, general manager of China Datang Corp in March this year.
Spot thermal coal prices in China reached a record high of over 1,000 yuan a ton last July. Now, it is hovering around 570 yuan per ton.
On the other hand, the unsuccessful annual coal price negotiation in late December pushed thermal power generators to seek more reliable coal supply sources.
Each year, China's coal producers and power companies sit down to negotiate the following year's contract coal prices, which have long been a bone of contention.
Negotiations for 2009 coal prices resulted in a deadlock, as domestic coal miners aimed to charge power producers 10 percent more for fuel under the 2009 annual contracts, while power producers wanted a price cut of as much as 10 percent.
In order to be less vulnerable to domestic coal prices and less dependent on domestic coal miners, Chinese power enterprises stepped into the coal-mining industry in succession and bought more coal from abroad.
China Datang Corp, also one of the country's five biggest power generators, has been given the green light to expand into the coal- mining business, authorities said in March.
The Customs statistics showed China's coal import reached 9.43 million tons in May, more than double that in the same period of last year. China's coal import and export amounted to 32.20 million and 10.53 million tons respectively in the January–May period, or a net import of some 22 million tons.
China's five biggest power generators include China Huaneng Group, China Datang Corp, China Guodian Corp, China Huadian Corp and China Power Investment Corp.
Source:china.org.cn
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Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
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 ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Georgia Ports Authority, United States
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- Aditya Birla Group - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
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- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
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- Petron Corporation, Philippines
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- Miang Besar Coal Terminal - Indonesia
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- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
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- The State Trading Corporation of India Ltd
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- PNOC Exploration Corporation - Philippines
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- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
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- The University of Queensland
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- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
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- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
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- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
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- IHS Mccloskey Coal Group - USA
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- Directorate General of MIneral and Coal - Indonesia
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- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
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- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
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- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
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- Indonesian Coal Mining Association
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- VISA Power Limited - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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- Electricity Generating Authority of Thailand
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- Planning Commission, India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
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- White Energy Company Limited
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- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
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- Romanian Commodities Exchange
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- Australian Coal Association
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- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
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- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
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- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
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- TNB Fuel Sdn Bhd - Malaysia
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