COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


   1310 1311 1312 1313 1314   
Showing 6556 to 6560 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bank of America
  • Holcim Trading Pte Ltd - Singapore
  • Bahari Cakrawala Sebuku - Indonesia
  • ANZ Bank - Australia
  • Savvy Resources Ltd - HongKong
  • Bukit Asam (Persero) Tbk - Indonesia
  • Port Waratah Coal Services - Australia
  • Thailand Anthracite
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Bangkok Bank PCL
  • Gujarat Electricity Regulatory Commission - India
  • Cosco
  • KOWEPO - South Korea
  • Oldendorff Carriers - Singapore
  • Antam Resourcindo - Indonesia
  • Maruti Cements - India
  • Asian Development Bank
  • Pipit Mutiara Jaya. PT, Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Parry Sugars Refinery, India
  • Miang Besar Coal Terminal - Indonesia
  • Singapore Mercantile Exchange
  • SRK Consulting
  • 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
  • IOL Indonesia
  • Energy Link Ltd, New Zealand
  • EIA - United States
  • Romanian Commodities Exchange
  • SUEK AG - Indonesia
  • Electricity Authority, New Zealand
  • Runge Indonesia
  • Essar Steel Hazira Ltd - India
  • Ministry of Mines - Canada
  • MS Steel International - UAE
  • Altura Mining Limited, Indonesia
  • Energy Development Corp, Philippines
  • Infraline Energy - India
  • The Treasury - Australian Government
  • CoalTek, United States
  • Sakthi Sugars Limited - India
  • IEA Clean Coal Centre - UK
  • Edison Trading Spa - Italy
  • Star Paper Mills Limited - India
  • Medco Energi Mining Internasional
  • Japan Coal Energy Center
  • Tata Chemicals Ltd - India
  • Cargill India Pvt Ltd
  • Samtan Co., Ltd - South Korea
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Borneo Indobara - Indonesia
  • Indorama - Singapore
  • Mitsui
  • Banpu Public Company Limited - Thailand
  • Coal and Oil Company - UAE
  • Minerals Council of Australia
  • Siam City Cement - Thailand
  • Gupta Coal India Ltd
  • Total Coal South Africa
  • Global Green Power PLC Corporation, Philippines
  • Latin American Coal - Colombia
  • Panama Canal Authority
  • Russian Coal LLC
  • Indian Energy Exchange, India
  • Xindia Steels Limited - India
  • Commonwealth Bank - Australia
  • Bukit Baiduri Energy - Indonesia
  • Semirara Mining Corp, Philippines
  • Adaro Indonesia
  • EMO - The Netherlands
  • bp singapore
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Clarksons - UK
  • UOB Asia (HK) Ltd
  • The India Cements Ltd
  • The University of Queensland
  • Petrosea - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • AsiaOL BioFuels Corp., Philippines
  • Surastha Cement
  • Coalindo Energy - Indonesia
  • Mercator Lines Limited - India
  • Uttam Galva Steels Limited - India
  • Arch Coal - USA
  • Chamber of Mines of South Africa
  • CCIC - Indonesia
  • London Commodity Brokers - England
  • TGV SRAAC LIMITED, India
  • Indogreen Group - Indonesia
  • Inco-Indonesia
  • Samsung - South Korea
  • Ceylon Electricity Board - Sri Lanka
  • Global Coal Blending Company Limited - Australia
  • SMC Global Power, Philippines
  • Mintek Dendrill Indonesia
  • BRS Brokers - Singapore
  • Tata Power - India
  • Cardiff University - UK
  • Sarangani Energy Corporation, Philippines
  • Platts
  • Leighton Contractors Pty Ltd - Australia
  • Anglo American - United Kingdom
  • RBS Sempra - UK
  • Tanito Harum - Indonesia
  • Sical Logistics Limited - India
  • World Bank
  • PTC India Limited - India
  • Thriveni
  • Kideco Jaya Agung - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Orica Mining Services - Indonesia
  • Maybank - Singapore
  • Eastern Energy - Thailand
  • SGS (Thailand) Limited
  • PLN - Indonesia
  • Coeclerici Indonesia
  • Maersk Broker
  • globalCOAL - UK
  • Metalloyd Limited - United Kingdom
  • Marubeni Corporation - India
  • Indian School of Mines
  • Billiton Holdings Pty Ltd - Australia
  • Bayan Resources Tbk. - Indonesia
  • TRAFIGURA, South Korea
  • Pinang Coal Indonesia
  • ICICI Bank Limited - India
  • SN Aboitiz Power Inc, Philippines
  • IMC Shipping - Singapore
  • Indonesian Coal Mining Association
  • Platou - Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • Cigading International Bulk Terminal - Indonesia
  • DBS Bank - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Electricity Generating Authority of Thailand
  • KPMG - USA
  • Mitsubishi Corporation
  • Goldman Sachs - Singapore
  • TANGEDCO India
  • Ind-Barath Power Infra Limited - India
  • Heidelberg Cement - Germany
  • IBC Asia (S) Pte Ltd
  • European Bulk Services B.V. - Netherlands
  • Gujarat Sidhee Cement - India
  • SMG Consultants - Indonesia
  • NTPC Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Mechel - Russia
  • Riau Bara Harum - Indonesia
  • KEPCO - South Korea
  • Merrill Lynch Bank
  • BNP Paribas - Singapore
  • Ministry of Finance - Indonesia
  • U S Energy Resources
  • GVK Power & Infra Limited - India
  • Trasteel International SA, Italy
  • KPCL - India
  • CESC Limited - India
  • Bangladesh Power Developement Board
  • HSBC - Hong Kong
  • Interocean Group of Companies - India
  • Gresik Semen - Indonesia
  • Indika Energy - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Permata Bank - Indonesia
  • Posco Energy - South Korea
  • Tamil Nadu electricity Board
  • Malco - India
  • TeaM Sual Corporation - Philippines
  • Reliance Power - India
  • OPG Power Generation Pvt Ltd - India
  • Parliament of New Zealand
  • Petrochimia International Co. Ltd.- Taiwan
  • Vitol - Bahrain
  • Jorong Barutama Greston.PT - Indonesia
  • Thai Mozambique Logistica
  • Intertek Mineral Services - Indonesia
  • Central Java Power - Indonesia
  • ETA - Dubai
  • Cebu Energy, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Agrawal Coal Company - India
  • GAC Shipping (India) Pvt Ltd
  • Humpuss - Indonesia
  • Argus Media - Singapore
  • WorleyParsons
  • JPMorgan - India
  • International Coal Ventures Pvt Ltd - India
  • Berau Coal - Indonesia
  • Standard Chartered Bank - UAE
  • Binh Thuan Hamico - Vietnam
  • Shenhua Group - China
  • Baramulti Group, Indonesia
  • Independent Power Producers Association of India
  • Deloitte Consulting - India
  • Xstrata Coal
  • Idemitsu - Japan
  • Wilmar Investment Holdings
  • APGENCO India
  • Malabar Cements Ltd - India
  • Glencore India Pvt. Ltd
  • Credit Suisse - India
  • Jindal Steel & Power Ltd - India
  • Price Waterhouse Coopers - Russia
  • Orica Australia Pty. Ltd.
  • J M Baxi & Co - India
  • Adani Power Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • CIMB Investment Bank - Malaysia
  • Kumho Petrochemical, South Korea
  • Kobexindo Tractors - Indoneisa
  • GB Group - China
  • Bhatia International Limited - India
  • Ernst & Young Pvt. Ltd.
  • Qatrana Cement - Jordan
  • Sucofindo - Indonesia
  • Peabody Energy - USA
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • GNFC Limited - India
  • Lafarge - France
  • GMR Energy Limited - India
  • Salva Resources Pvt Ltd - India
  • Thiess Contractors Indonesia
  • Bank of China, Malaysia
  • Kaltim Prima Coal - Indonesia
  • Petron Corporation, Philippines
  • Manunggal Multi Energi - Indonesia
  • Thermax Limited - India
  • Vedanta Resources Plc - India
  • JPower - Japan
  • Siam City Cement PLC, Thailand
  • Mercuria Energy - Indonesia
  • Vale Mozambique
  • LBH Netherlands Bv - Netherlands
  • Bhushan Steel Limited - India
  • Ambuja Cements Ltd - India
  • White Energy Company Limited
  • VISA Power Limited - India
  • Bukit Makmur.PT - Indonesia
  • Freeport 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
  • Noble Europe Ltd - UK
  • Chettinad Cement Corporation Ltd - India
  • Karbindo Abesyapradhi - Indoneisa
  • Pendopo Energi Batubara - Indonesia
  • PLN Batubara - Indonesia
  • Enel Italy
  • Lanco Infratech Ltd - India
  • Fearnleys - India
  • San Jose City I Power Corp, Philippines
  • Sree Jayajothi Cements Limited - India
  • Cemex - Philippines
  • ACC Limited - India
  • Dalmia Cement Bharat India
  • Kapuas Tunggal Persada - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Australian Coal Association
  • Jaiprakash Power Ventures ltd
  • MEC Coal - Indonesia
  • 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
  • World Coal - UK
  • Shree Cement - India
  • Toyota Tsusho Corporation, Japan
  • Karaikal Port Pvt Ltd - India
  • NALCO India
  • Arutmin Indonesia
  • Iligan Light & Power Inc, Philippines
  • Madhucon Powers Ltd - India
  • Coastal Gujarat Power Limited - India
  • PetroVietnam
  • Central Electricity Authority - India
  • Kepco SPC Power Corporation, Philippines
  • Core Mineral Indonesia
  • Economic Council, Georgia
  • Rio Tinto Coal - Australia
  • OCBC - Singapore
  • Britmindo - Indonesia
  • The State Trading Corporation of India Ltd
  • Planning Commission, India
  • Inspectorate - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Power Finance Corporation Ltd., India
  • Asmin Koalindo Tuhup - Indonesia
  • South Luzon Thermal Energy Corporation
  • TNPL - India
  • Barclays Capital - USA
  • 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
  • Geoservices-GeoAssay Lab
  • GHCL Limited - India
  • Attock Cement Pakistan Limited
  • Moodys - Singapore
  • Makarim & Taira - Indonesia
  • Thomson Reuters GRC
  • Aditya Birla Group - India
  • India Bulls Power Limited - India
  • Jatenergy - Australia
  • Asia Cement - Taiwan
  • Coal India Limited
  • Ince & co LLP
  • Rudhra Energy - India
  • Therma Luzon, Inc, Philippines
  • UBS Singapore
  • Deutsche Bank - India
  • Kalimantan Lumbung Energi - Indonesia
  • CNBM International Corporation - China
  • SASOL - South Africa
  • Globalindo Alam Lestari - Indonesia
  • Australian Commodity Traders Exchange
  • Coaltrans Conferences
  • ING Bank NV - Singapore
  • Carbofer General Trading SA - India
  • Cement Manufacturers Association - India
  • Coal Orbis AG
  • Indonesia Power. PT
  • Kobe Steel Ltd - Japan
  • McConnell Dowell - Australia
  • Timah Investasi Mineral - Indoneisa
  • McKinsey & Co - India
  • Sojitz Corporation - Japan
  • Grasim Industreis Ltd - India
  • Mitra SK Pvt Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Videocon Industries ltd - India