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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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Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- White Energy Company Limited
- Sojitz Corporation - Japan
- Planning Commission, India
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- Bukit Asam (Persero) Tbk - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Renaissance Capital - South Africa
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- CNBM International Corporation - China
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- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Central Electricity Authority - India
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- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
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- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
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- Ministry of Finance - Indonesia
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- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
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- Tamil Nadu electricity Board
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- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
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- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
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- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
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- Meralco Power Generation, Philippines
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- Gujarat Sidhee Cement - India
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- Eastern Coal Council - USA
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
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- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
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- Power Finance Corporation Ltd., India
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- Romanian Commodities Exchange
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- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
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- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
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- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
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- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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