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Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
 China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity Corp aims to increase its annual coal output to 20 million tons this year.
The company, a subsidiary located in Hulunbuir, Inner Mongolia autonomous region under China's leading power generator Huaneng Group, now has an installed capacity of 2,200 mW. It currently can produce 15 million tons of coal each year.
"Using coal all produced by ourselves, we have reduced our cost a lot," said Yin Long, general manager of Huaneng Yimin.
The company also sells some amount of coal to other power companies. It is also planning for its own coal-to-gas and coal-to-chemical projects to further diversify its business portfolio, said Yin.
Rising coal prices have always been a headache for China's power generators. Last year because of the sharp rise in coal prices major power companies all incurred losses in their power generation business.
Coal-fired power accounts for over 70 percent of China's total power generation. The country's main power companies have all accelerated their development of coal mine projects.
For instance, Datang International Power Generation Co, the listed arm of China Datang Corp, earlier said it aims to get 50 percent of its profit from sources other than electricity in the next decade, including fuel production.
Projects such as coal and coal-to-chemicals production may account for half of the company's profit by 2015, Cao Jingshan, president of the country's second-largest power producer, told reporters earlier this month.
Some analysts believe that development of more coal-power joint projects is an inevitable trend in the industry. "With a foothold in coal production, the upstream of power generation business, companies can reduce their risks," said Li Chaolin, coal analyst.
"With more coal mine assets in hand, power companies can have a stronger say when they bargain with coal producers for prices," he said.
China's five major power companies have all quickened their pace in taking coal mine assets in northwestern China, especially in Inner Mongolia and Xinjiang Uygur autonomous regions, he added.
However, some analysts said this could lead to an overcapacity in the power industry.
"In some areas there has already been an overcapacity in power generation. I am worried more such projects will make the situation worse," said an industry insider who declined to be named.
China's power consumption in July rose 6 percent to 342 billion kWh over the same month of last year, said China's National Energy Administration (NEA). The figure was 10.9 percent more than that of June, NEA said.
China's coal production continued to ease in the first half of this year on flat domestic demand amid the economic slowdown.
Crude coal output increased 8.7 percent year-on-year to 1.36 billion tons in the first six months, but 6.1 percentage points lower than the same period a year ago, data released by the National Development and Reform Commission has shown.
Source: China Daily
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Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
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- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Bhatia International Limited - India
- The University of Queensland
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
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