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Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the floor price of coal being sold through this route.
The forward e-auction process, which started in Western Coalfields Limited (WCL) and Eastern Coalfields Limited (ECL) — the two subsidiaries of CIL last month, has drawn a lacklustre response as the floor price of coal offered through this route was twice the notified price.
The coal consumers cannot buy coal at such high prices through the forward e-auction route and this has prompted CIL to think of a downward revision in the floor price, an industry source told Business Standard.
Two rounds of bidding have been completed so far for the forward e-auction launched in August this year.
In the first round, WCL had offered about 500,000 tonnes of coal through the forward e-auction route out of which sale of only 1,200 tonnes of coal materialized. On the other hand, the coal offered by ECL in the second round drew a blank from the consumers.
Earlier, coal consumers across the country had objected to CIL’s decision to fix the floor price of coal to be sold on the forward e-auction platform at two times higher than the notified price.
The coal consumers alleged that CIL is keen on making greater profit through sale of forward e-auction coal without caring for the interests of the consumers.
On its part, CIL has clarified that high grade coal containing low ash content from the UG mines was to be sold on the forward e-auction platform. The floor price of this coal has to be higher as the cost of coal production from UG mines was higher than that of open cast projects.
Ten per cent of the spot e-auction coal was to be sold through the forward e-auction route.
In 2009-10, 45 million tonnes of coal was to be sold through the e-auction mode and 10 per cent of this coal was proposed to be sold through forward e-auction.
The two platforms for forward e-auction are mjunction.com and MSTC Limited.
Source: Business Standard
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Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
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- India Bulls Power Limited - India
- Minerals Council of Australia
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- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
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- Indian Energy Exchange, India
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- London Commodity Brokers - England
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- Global Business Power Corporation, Philippines
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- Ambuja Cements Ltd - India
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- Renaissance Capital - South Africa
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- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
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- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
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- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
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- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- The University of Queensland
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- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
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- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- PTC India Limited - India
- Australian Coal Association
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- VISA Power Limited - India
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- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
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- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
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- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- PowerSource Philippines DevCo
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- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
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