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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, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
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- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
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