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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, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Global Coal Blending Company Limited - Australia
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- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
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- Trasteel International SA, Italy
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- Karbindo Abesyapradhi - Indoneisa
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- GVK Power & Infra Limited - India
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- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
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- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
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- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
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- Coal and Oil Company - UAE
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- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
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- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
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- CNBM International Corporation - China
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- White Energy Company Limited
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- The Treasury - Australian Government
- VISA Power Limited - India
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- Eastern Energy - Thailand
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- Thai Mozambique Logistica
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- Indogreen Group - Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
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- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
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- Orica Australia Pty. Ltd.
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Chamber of Mines of South Africa
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- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
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- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
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- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
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- Directorate Of Revenue Intelligence - India
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- Gujarat Sidhee Cement - India
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- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
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- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
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- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
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- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
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- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
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