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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
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Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...
Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...
Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
Antara reported that, Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finish ...
Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...
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- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Minerals Council of Australia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
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