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

Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest  coal producing region, is aiming to keep its annual coal output a ...


Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...


Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...


Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...


Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13 LiveMint reported ...


   1289 1290 1291 1292 1293   
Showing 6451 to 6455 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 ...

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