COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE


The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic and international rates. 

CIL has not hiked prices since 2007 and this has resulted in a huge difference in prices.

"CIL is considering to raise the coal prices by about 10 per cent across-the-board soon," sources said.

Domestic coal prices range between Rs 770 (US$ 15.87) and Rs 1,700 (US$ 35.05) a tonne. If hiked by 10 per cent, the prices would go up by Rs 175 (US$ 3.60) a tonne.

A top Coal India official, however, said the hike would be "modest" and said, "our prices are 50 per cent discounted as compared to the global prices. Now there has been a major wage revision resulting in over Rs 4,000 crore (US$ 825,251,988) additional financial burden on us which cannot be met through production and productivity alone."

The official said that CIL had witnessed a sharp drop in retained earnings because of the wage-built annual impact and the company's retained profit could be only Rs 300 crore (US$ 61,893,942) on a turnover of about Rs 45,000 crore (US$ 9,284,092,954) last year. (US$ 1 = 48.47 INR)
Source: The Economic Times



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov *ArcelorMittal, 9 others in race to develop abandoned mines *52 firms keen to partner coa ...


Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...


Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...


Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...


Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...


   1274 1275 1276 1277 1278   
Showing 6376 to 6380 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • SRK Consulting
  • Petrochimia International Co. Ltd.- Taiwan
  • GVK Power & Infra Limited - India
  • Samtan Co., Ltd - South Korea
  • Kobexindo Tractors - Indoneisa
  • Uttam Galva Steels Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • European Bulk Services B.V. - Netherlands
  • ANZ Bank - Australia
  • SMG Consultants - Indonesia
  • Petron Corporation, Philippines
  • Samsung - South Korea
  • Tata Power - India
  • Energy Link Ltd, New Zealand
  • Formosa Plastics Group - Taiwan
  • Salva Resources Pvt Ltd - India
  • ASAPP Information Group - India
  • White Energy Company Limited
  • Madhucon Powers Ltd - India
  • globalCOAL - UK
  • Maersk Broker
  • Berau Coal - Indonesia
  • Mercuria Energy - Indonesia
  • Clarksons - UK
  • Gupta Coal India Ltd
  • Mitsubishi Corporation
  • J M Baxi & Co - India
  • Riau Bara Harum - Indonesia
  • Credit Suisse - India
  • WorleyParsons
  • SUEK AG - Indonesia
  • NTPC Limited - India
  • Cemex - Philippines
  • AsiaOL BioFuels Corp., Philippines
  • World Bank
  • Manunggal Multi Energi - Indonesia
  • Antam Resourcindo - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Sojitz Corporation - Japan
  • MS Steel International - UAE
  • Thriveni
  • Aditya Birla Group - India
  • Eastern Coal Council - USA
  • CIMB Investment Bank - Malaysia
  • Kohat Cement Company Ltd. - Pakistan
  • Videocon Industries ltd - India
  • IOL Indonesia
  • Indonesia Power. PT
  • TNB Fuel Sdn Bhd - Malaysia
  • Bahari Cakrawala Sebuku - Indonesia
  • Grasim Industreis Ltd - India
  • Orica Australia Pty. Ltd.
  • Petrosea - Indonesia
  • Arutmin Indonesia
  • TGV SRAAC LIMITED, India
  • ETA - Dubai
  • Global Business Power Corporation, Philippines
  • Mechel - Russia
  • Kideco Jaya Agung - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Romanian Commodities Exchange
  • Inspectorate - India
  • Lanco Infratech Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • PLN Batubara - Indonesia
  • Indian School of Mines
  • ICICI Bank Limited - India
  • Sucofindo - Indonesia
  • Vizag Seaport Private Limited - India
  • Bharathi Cement Corporation - India
  • Idemitsu - Japan
  • Maybank - Singapore
  • CoalTek, United States
  • Thai Mozambique Logistica
  • Banpu Public Company Limited - Thailand
  • Sinarmas Energy and Mining - Indonesia
  • Asia Cement - Taiwan
  • Binh Thuan Hamico - Vietnam
  • Renaissance Capital - South Africa
  • Cargill India Pvt Ltd
  • Coal India Limited
  • McConnell Dowell - Australia
  • Indo Tambangraya Megah - Indonesia
  • Port Waratah Coal Services - Australia
  • Indika Energy - Indonesia
  • Bhoruka Overseas - Indonesia
  • MEC Coal - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Bukit Makmur.PT - Indonesia
  • Coalindo Energy - Indonesia
  • South Luzon Thermal Energy Corporation
  • Ernst & Young Pvt. Ltd.
  • Coastal Gujarat Power Limited - India
  • Electricity Generating Authority of Thailand
  • Geoservices-GeoAssay Lab
  • GB Group - China
  • Peabody Energy - USA
  • Adani Power Ltd - India
  • Thiess Contractors Indonesia
  • Price Waterhouse Coopers - Russia
  • Bukit Baiduri Energy - Indonesia
  • Asian Development Bank
  • Indian Energy Exchange, India
  • Jatenergy - Australia
  • Dalmia Cement Bharat India
  • Maruti Cements - India
  • Rudhra Energy - India
  • HSBC - Hong Kong
  • Indonesian Coal Mining Association
  • VISA Power Limited - India
  • Georgia Ports Authority, United States
  • Core Mineral Indonesia
  • ING Bank NV - Singapore
  • Panama Canal Authority
  • Neyveli Lignite Corporation Ltd, - India
  • Thailand Anthracite
  • Lafarge - France
  • Parliament of New Zealand
  • Bangkok Bank PCL
  • Miang Besar Coal Terminal - Indonesia
  • Simpson Spence & Young - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Posco Energy - South Korea
  • Kaltim Prima Coal - Indonesia
  • TANGEDCO India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • EMO - The Netherlands
  • Mjunction Services Limited - India
  • The India Cements Ltd
  • Karaikal Port Pvt Ltd - India
  • NALCO India
  • Meralco Power Generation, Philippines
  • Bayan Resources Tbk. - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Runge Indonesia
  • Economic Council, Georgia
  • Orica Mining Services - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Xstrata Coal
  • IHS Mccloskey Coal Group - USA
  • Qatrana Cement - Jordan
  • Latin American Coal - Colombia
  • Ceylon Electricity Board - Sri Lanka
  • Barclays Capital - USA
  • Metalloyd Limited - United Kingdom
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Ind-Barath Power Infra Limited - India
  • Fearnleys - India
  • Enel Italy
  • Ministry of Finance - Indonesia
  • Standard Chartered Bank - UAE
  • Vedanta Resources Plc - India
  • Gujarat Sidhee Cement - India
  • KPCL - India
  • New Zealand Coal & Carbon
  • Cosco
  • Attock Cement Pakistan Limited
  • APGENCO India
  • San Jose City I Power Corp, Philippines
  • Coaltrans Conferences
  • PetroVietnam Power Coal Import and Supply Company
  • Shenhua Group - China
  • Power Finance Corporation Ltd., India
  • Meenaskhi Energy Private Limited - India
  • Agrawal Coal Company - India
  • Arch Coal - USA
  • UBS Singapore
  • Inco-Indonesia
  • Indogreen Group - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Heidelberg Cement - Germany
  • Australian Commodity Traders Exchange
  • KPMG - USA
  • GHCL Limited - India
  • Shree Cement - India
  • Billiton Holdings Pty Ltd - Australia
  • DBS Bank - Singapore
  • Merrill Lynch Commodities Europe
  • Aboitiz Power Corporation - Philippines
  • IMC Shipping - Singapore
  • Bank of America
  • Edison Trading Spa - Italy
  • Coeclerici Indonesia
  • Intertek Mineral Services - Indonesia
  • Infraline Energy - India
  • Indian Oil Corporation Limited
  • GN Power Mariveles Coal Plant, Philippines
  • U S Energy Resources
  • Medco Energi Mining Internasional
  • Chamber of Mines of South Africa
  • Kumho Petrochemical, South Korea
  • PLN - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Kobe Steel Ltd - Japan
  • EIA - United States
  • Sical Logistics Limited - India
  • Marubeni Corporation - India
  • McKinsey & Co - India
  • Surastha Cement
  • Mitsui
  • Africa Commodities Group - South Africa
  • KOWEPO - South Korea
  • Cebu Energy, Philippines
  • Bangladesh Power Developement Board
  • Electricity Authority, New Zealand
  • Asmin Koalindo Tuhup - Indonesia
  • GNFC Limited - India
  • IBC Asia (S) Pte Ltd
  • Jorong Barutama Greston.PT - Indonesia
  • CESC Limited - India
  • Jindal Steel & Power Ltd - India
  • TeaM Sual Corporation - Philippines
  • Chettinad Cement Corporation Ltd - India
  • Therma Luzon, Inc, Philippines
  • Sindya Power Generating Company Private Ltd
  • Deutsche Bank - India
  • Barasentosa Lestari - Indonesia
  • Wilmar Investment Holdings
  • RBS Sempra - UK
  • ACC Limited - India
  • Anglo American - United Kingdom
  • Deloitte Consulting - India
  • Global Green Power PLC Corporation, Philippines
  • Coal and Oil Company - UAE
  • Oldendorff Carriers - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • Indorama - Singapore
  • BRS Brokers - Singapore
  • Toyota Tsusho Corporation, Japan
  • Kartika Selabumi Mining - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • SMC Global Power, Philippines
  • TNPL - India
  • Semirara Mining and Power Corporation, Philippines
  • Borneo Indobara - Indonesia
  • Pinang Coal Indonesia
  • Reliance Power - India
  • PetroVietnam
  • Carbofer General Trading SA - India
  • Baramulti Group, Indonesia
  • Parry Sugars Refinery, India
  • Cement Manufacturers Association - India
  • Bank of China, Malaysia
  • Xindia Steels Limited - India
  • Tamil Nadu electricity Board
  • Kapuas Tunggal Persada - Indonesia
  • KEPCO - South Korea
  • Siam City Cement PLC, Thailand
  • Ambuja Cements Ltd - India
  • Trasteel International SA, Italy
  • Vale Mozambique
  • GMR Energy Limited - India
  • Tata Chemicals Ltd - India
  • Rio Tinto Coal - Australia
  • PTC India Limited - India
  • Bulk Trading Sa - Switzerland
  • Malco - India
  • Freeport Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Argus Media - Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • PowerSource Philippines DevCo
  • Australian Coal Association
  • Alfred C Toepfer International GmbH - Germany
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Coal Orbis AG
  • Merrill Lynch Bank
  • Essar Steel Hazira Ltd - India
  • Bhatia International Limited - India
  • Global Coal Blending Company Limited - Australia
  • JPMorgan - India
  • LBH Netherlands Bv - Netherlands
  • Central Java Power - Indonesia
  • Eastern Energy - Thailand
  • Goldman Sachs - Singapore
  • OCBC - Singapore
  • Commonwealth Bank - Australia
  • Sakthi Sugars Limited - India
  • Makarim & Taira - Indonesia
  • Vitol - Bahrain
  • OPG Power Generation Pvt Ltd - India
  • The State Trading Corporation of India Ltd
  • Siam City Cement - Thailand
  • Mintek Dendrill Indonesia
  • Ministry of Transport, Egypt
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Malabar Cements Ltd - India
  • Ministry of Mines - Canada
  • Gujarat Electricity Regulatory Commission - India
  • Sarangani Energy Corporation, Philippines
  • Star Paper Mills Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Tanito Harum - Indonesia
  • Larsen & Toubro Limited - India
  • Jaiprakash Power Ventures ltd
  • Energy Development Corp, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • CCIC - Indonesia
  • Singapore Mercantile Exchange
  • Altura Mining Limited, Indonesia
  • Noble Europe Ltd - UK
  • The Treasury - Australian Government
  • Savvy Resources Ltd - HongKong
  • The University of Queensland
  • India Bulls Power Limited - India
  • BNP Paribas - Singapore
  • bp singapore
  • SGS (Thailand) Limited
  • Mitra SK Pvt Ltd - India
  • Humpuss - Indonesia
  • Planning Commission, India
  • Ince & co LLP
  • UOB Asia (HK) Ltd
  • Total Coal South Africa
  • Platts
  • Thomson Reuters GRC
  • Glencore India Pvt. Ltd
  • Sree Jayajothi Cements Limited - India
  • Semirara Mining Corp, Philippines
  • Bhushan Steel Limited - India
  • Minerals Council of Australia
  • TRAFIGURA, South Korea
  • Mercator Lines Limited - India
  • JPower - Japan
  • Wood Mackenzie - Singapore
  • Russian Coal LLC
  • Straits Asia Resources Limited - Singapore
  • Platou - Singapore
  • Independent Power Producers Association of India
  • Japan Coal Energy Center
  • Gresik Semen - Indonesia
  • CNBM International Corporation - China
  • London Commodity Brokers - England
  • Directorate General of MIneral and Coal - Indonesia
  • Permata Bank - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Thermax Limited - India
  • PNOC Exploration Corporation - Philippines
  • IEA Clean Coal Centre - UK
  • Britmindo - Indonesia
  • Directorate Of Revenue Intelligence - India
  • SN Aboitiz Power Inc, Philippines
  • SASOL - South Africa
  • Central Electricity Authority - India
  • Adaro Indonesia
  • Interocean Group of Companies - India
  • World Coal - UK
  • Moodys - Singapore
  • Timah Investasi Mineral - Indoneisa
  • Cardiff University - UK