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Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offshore schemes, Russia's top auditing body said.
A report published on the Audit Chamber website said up to 80 percent of Russian coal exports were going through offshore firms at prices often 30 percent to 54 percent below market rates.
"As a result substantial funds raised from coal sales are accumulated on offshore firms' accounts while Russia's budget is losing a substantial part of tax revenues," the auditing chamber said in a statement.
The investigation follows criticism by Russian Prime Minister Vladimir Putin of the export policies of major Russian coal firms last year.
Putin attacked coking coal producer Mechel for its pricing policies, causing a sharp sell-off of the New York-listed stock.
Russia produced 326 million tonnes of coal last year and exported just over 100 million tonnes with Mechel, SUEK, KuzbassRazrezUgol and Raspadskaya (RASP.MM) being among top producers and exporters.
Source: Reuters
(http://www.reuters.com/article/marketsNews/idUSL757937520090707)
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Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
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