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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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Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- Holcim Trading Pte Ltd - Singapore
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- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- White Energy Company Limited
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
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