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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
 Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the rising price will lead to more upstream mergers and acquisitions of power companies with coal suppliers.
Many of China's southern provinces, including Jiangsu, Hubei and Anhui, face power constraints, China Business News reported Monday. Current coal prices as of Monday grew between 4-9 percent over last week, said Huang Peilin, head of www.cctd.com.cn, the official coal transport and distribution information provider.
The Shanxi Datong reserve increased coal prices Monday by 20 percent from early December to 550 yuan ($80.53) per ton, while coal prices at the benchmark Qinhuangdao port went up more than 30 percent over the same period a year earlier, according to China Coal Information.
Cold weather resulted in rising power demand and coal consumption. Coal reserves in China's southern provinces are at a less than 10-day supply, compared with a normal inventory of 10-20 days, said Cao Yin, an energy and power sector analyst at Frost & Sullivan, a consulting firm.
The low inventory is due to unexpected pent-up power consumption following China's strong economic recovery. Electricity consumption grew 20-30 percent in December month-on-month from 6 percent in June, he said.
Many southern provinces rely on hydropower, but the dry winter season means they must use coal for power production, Huang said.
China's power companies used to import coal from overseas due to lower prices. However, the increasing demands of other economies are driving the international price closer to the domestic price, Cao said. Coal from Australia delivered to Guangdong ports stood at $100 per ton Monday, driving power companies back to domestic suppliers.
The cold weather has also hampered transportation by train and ship from coal reserves in China's midwest region to power plants in the east and coastal areas, Cao said.
The soaring prices could make it hard for power companies to strike a deal with coal suppliers for this year's annual contract, he said. Power companies and suppliers typically sign year-long contracts at less than the market price, but many suppliers have hesitated to sign such long contracts due to the fluctuation of coal prices, Cao remarked.
On the other hand, State power companies have difficulty in passing rising costs on to users, so they can't compromise either, which has led to demand often being only partially met almost every year, Cao said. To read more Alibaba
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Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
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- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
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