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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, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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- London Commodity Brokers - England
- Grasim Industreis Ltd - India
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- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
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- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
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- The University of Queensland
- Mintek Dendrill Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
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- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
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- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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