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Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter,'' Coal Minister, Mr Sriprakash Jaiswal told PTI.
Mr Jaiswal's statement came after Coal India said its multi-billion dollars worth of projects could become unviable if prices were not hiked.
The PSU is seeking a nominal increase in prices of its products, which were marginally revised last in 2007. "Our prices starting at about $16 a tonne are over 50 per cent cheaper than the prevailing global rates. We are seeking a marginal increase as w e do not wish to lose the tag of provider of cheap coal to end users,'' Coal India Chairman, Mr Partha S Bhattacharyya said.
CIL is undertaking projects entailing huge investment and ."a nominal hike in coal prices would make such projects viable,'' he said. Also, the Rs 4,000 crore coal-wage pact between CIL and its workers is a factor behind the demand for a price hike.
Mr Bhattacharya said Coal India had reported a sharp drop in retained earnings because of the wage-built annual impact. A profit of Rs 300 crore on a turnover of Rs 45,000 crore was low.
Retained earnings are that percentage of net earnings of a company that is not paid out as dividends but is retained by the company to be reinvested for the growth of the business. CIL had a pre-tax profit of Rs 8,700 crore in the last fiscal. - PTI
Source: The Hindu Busienss
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Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
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- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- The University of Queensland
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
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