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

Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...


Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...


Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...


Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...


Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...


   1276 1277 1278 1279 1280   
Showing 6386 to 6390 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 ...

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