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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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Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
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- Vizag Seaport Private Limited - India
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- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- McConnell Dowell - Australia
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- Australian Coal Association
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- Indian Oil Corporation Limited
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- Riau Bara Harum - Indonesia
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- Global Business Power Corporation, Philippines
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- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
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- London Commodity Brokers - England
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- Orica Mining Services - Indonesia
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- Intertek Mineral Services - Indonesia
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- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Price Waterhouse Coopers - Russia
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- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
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- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
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- Renaissance Capital - South Africa
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- Metalloyd Limited - United Kingdom
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- Pipit Mutiara Jaya. PT, Indonesia
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- PowerSource Philippines DevCo
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- Siam City Cement - Thailand
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- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
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