Datang says no agreement for 09 coal contracts yet

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

31 Mar 2009

Electricity provider Datang International Power has not signed any major contracts with China's coal miners for this year, its Chairman Zhai Ruoyu said on Tuesday. China's big five power generators -- Huaneng, Datang, Guodian, Huadian and China Power Investment Corporation --- have been embroiled in a dispute with China's big coal miners about 2009 prices.
China's power companies want the country's coal miners to cut 50 yuan per tonne from last year's term prices, but coal miners want to raise the price by 80 yuan per tonne, Zhai told reporters at a media briefing.
Chinese coal mining giant China Shenhua Energy Co said on Monday that it had agreed long-term contracts with some Chinese power producers.

Source: Reuters