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Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
 The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with effect from tonight to bring in some parity between the domestic and international prices.
"We are selling coal at 50 per cent lower than imported price. There is a huge gap between overseas and domestic price. Hence, our Board took the decision of raising the price yesterday," said a source in CIL (Coal India Ltd).
The state-run CIL, the world's largest coal producer, had last raised the dry fuel price in October 2009.
Coal has become costlier in the international market as production of the fossil fuel has suffered badly due to flash floods in Australia's Quuensland province that accounts for 40-45 per cent of the world's coking coal exports.
The disruptions in production pushed up the spot prices of coking coal by USD 40-50 per tonne to USD 280-290 a tonne recently.
The price hike would help CIL to partially mitigate its rising operating costs, including a huge outgo on the salary account for its around 3.85 lakh employees.
"The targeted production growth of 7 per cent could not be achieved this year due to environmental problems. There is an urgent need to maintain the topline of the company," the source said.
State-owned CIL, which accounts for over 80 per cent of the domestic coal production through its seven subsidiaries, marginally missed its output target of 435 million tonnes in 2009-10. It has a production target of about 460 MT for this fiscal.
The Economic Survey 2010-11, tabled in the Parliament yesterday, had attributed the lower growth in coal production in the current year to environmental restrictions and poor law and order situation in Jharkhand and Orissa.
The coal Ministry and its environment counterpart have been at loggerheads for over a year now after mining was disallowed in 203 blocks, classified as 'no-go' zones in 2009, thereby, stalling projects with a production potential of 660 million tonnes of coal a year.
Source: The Times of India
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Tuesday, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
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- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- The University of Queensland
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Planning Commission, India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- PTC India Limited - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
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