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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, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
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- Mintek Dendrill Indonesia
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- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
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- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
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- Renaissance Capital - South Africa
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- VISA Power Limited - India
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- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
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- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
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- Ministry of Mines - Canada
- Australian Coal Association
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- Ceylon Electricity Board - Sri Lanka
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- The State Trading Corporation of India Ltd
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- Interocean Group of Companies - India
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- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
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- The University of Queensland
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
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- Global Business Power Corporation, Philippines
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
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- Altura Mining Limited, Indonesia
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- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
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- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
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- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
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- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Tata Chemicals Ltd - India
- Parliament of New Zealand
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- GMR Energy Limited - India
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- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
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- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
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- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
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- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
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- New Zealand Coal & Carbon
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- IEA Clean Coal Centre - UK
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- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
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- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
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- Gujarat Mineral Development Corp Ltd - India
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