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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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Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
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