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
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



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

Recent News

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 ...


   1283 1284 1285 1286 1287   
Showing 6421 to 6425 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 ...

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