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Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (IPO) with Úøad na ochranu hospodáøské soutìe (ÚOHS, Office for the Protection of Competition). Since also the ÈEZ and Dalkia groups are participating in the acquisition of control over IPO in addition to J&T, the European Commission is competent to assess this merger by the European legislation’s turnover criteria rather than ÚOHS.
“It is no longer possible to ignore the tide of oligopoly power sweeping over the Czech energy market, which, moreover, is backed by the State as the majority owner of dominant ÈEZ,” says Petr Pudil, Czech Coal a.s. Chairman and CEO. “The above groups’ jointly taken steps are capable of deepening the imbalance on the market of electrical energy generation and on the brown coal market even further,” explains Petr Pudil. According to Czech Coal’s analysis, the merger poses threat to competition on the relevant markets and also to the consumers’ interests on the domestic as well as European scale.
The Czech Coal Group includes Czech Coal a.s., a trader in energy commodities, mainly brown coal, electrical energy and greenhouse gas emissions allowances, and Litvínovská uhelná a.s., which holds the largest volume of coal reserves in the Czech Republic, Vršanská uhelná a.s., whose coal reserves within the mining limits will last until 2058, Czech Coal Services, a.s., which provides shared service to the extraction companies, and a number of other service companies. REN Power CZ, a.s., a leading Czech investor in renewable energy sources, was included into the Group this year.
Contact: Libìna Novotná Spokesperson Czech Coal a.s. Tel.: +420 476 203 140 GSM: +420 602 230 795 l.novotna@czechcoal.cz www.czechcoal.cz
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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Posco Energy - South Korea
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
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