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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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Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- Wilmar Investment Holdings
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- AsiaOL BioFuels Corp., Philippines
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- SMC Global Power, Philippines
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- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
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- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
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- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
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- Xindia Steels Limited - India
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- Ministry of Finance - Indonesia
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- Thai Mozambique Logistica
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- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
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- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
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- Videocon Industries ltd - India
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- The University of Queensland
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- Africa Commodities Group - South Africa
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- MS Steel International - UAE
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- Minerals Council of Australia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
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- Power Finance Corporation Ltd., India
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- Ministry of Transport, Egypt
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- Bayan Resources Tbk. - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Economic Council, Georgia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
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- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Chamber of Mines of South Africa
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- Planning Commission, India
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- GAC Shipping (India) Pvt Ltd
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- Independent Power Producers Association of India
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- Toyota Tsusho Corporation, Japan
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- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
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