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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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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
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- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- White Energy Company Limited
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
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