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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, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- Minerals Council of Australia
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- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
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- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
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- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
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- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
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- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
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- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- MS Steel International - UAE
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
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- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
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- Thiess Contractors Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- GVK Power & Infra Limited - India
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- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
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