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Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
 WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices to mitigate the impact of wage hikes, which hurt its profit for the last financial year to the extent of 83 billion rupees ($1.74 billion).
"We have reported a sharp drop in earnings and that is because of a pay revision for workers and officers," Partha Bhattacharyya told reporters on the sidelines of a coal conference.
"We need to improve. That can be done by a modest increase in coal prices."
Coal India, which accounts for more than 80% of India's total coal production, last raised prices in August 2007, by 10%.
Although coal prices in India were deregulated completely in January 2000, the price is fixed by state-run companies under the guidance of the coal ministry.
However, India's coal minister, Sriprakash Jaiswal, said the federal government wasn't considering a coal price hike.
"There is a need for higher coal prices due to wage hikes. But currently the government isn't considering a hike," he told reporters, adding the possibility of a price hike later can't be ruled out.
India's federal government plans to sell a 10% stake in Coal India. Mr. Bhattacharyya said Coal India's profit will be hit by 40 billion rupees in the current financial year due to the wage hike.
Coal India expects coal production to rise 7.7% in the current fiscal to 435 million metric tons. The company, which has been posting an average annual production growth of 5%, may have to increase production by 8.5%-9% to meet India's growing demand, Mr. Bhattacharyya said.
India's coal demand this year is estimated at 604.33 million tons, while domestic production is estimated at 534.33 million tons, leaving a gap of 70 million tons which needs to be met through imports.
India is facing a coal shortage as its power generation is increasing 7.5% annually while coal production is rising only 5%, Central Electricity Authority Chairman Rakesh Nath said in a separate conference Friday.
He expects thermal power coal imports to widen to 40 million tons by the fiscal ending March 31, 2012 from 28.7 million tons in the current year, due to the growing mismatch between local supply and demand.
"Coal shortages will continue due to the demand-supply gap," he said.
Source: WSJ
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Monday, 10 August 09
S.KOREA KOSPO ISSUES SPOT, TERM COAL TENDERS
Korea Southern Power Co Ltd (KOSPO) is seeking 1.5 million tonnes of steam coal per year for delivery from October 2009 through September 2012 via a ...
Monday, 10 August 09
POLICY HURDLES DELAY NALCO'S U$$ 4.166 BILLION OVERSEAS PROJECTS
National Aluminium Company Ltd's (NALCO) greenfield projects in overseas markets like Indonesia and Iran are in limbo because of political
...
Monday, 10 August 09
SAIL, TATA STEEL TO REDUCE COAL IMPORTS BY PARADIP PORT
World Shipping News reported that, Steel Authority of India Ltd (SAIL) and Tata Steel have scaled down coal imports through Paradip Port, hit by pre ...
Monday, 10 August 09
NTPC LIKELY TO SET UP POWER PLANTS IN NIGERIA AND SRILANKA
Economic time reported that, National Thermal Power Corporation Limited (NTPC), country's largest power utility, is likely to set up power plants i ...
Monday, 10 August 09
VINACOMIN TO SELL COAL AT MARKET PRICES TO DOMESTIC USERS
VNBusinessNews.com - Reuters reported that Vietnamese government has agreed to let coal monopoly Vinacomin sell coal at market oriented prices to do ...
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- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Posco Energy - South Korea
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- SMC Global Power, Philippines
- Ministry of Mines - Canada
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- GMR Energy Limited - India
- Tamil Nadu electricity Board
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- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
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- Baramulti Group, Indonesia
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