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, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...


Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...


Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...


Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...


Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...


   1286 1287 1288 1289 1290   
Showing 6436 to 6440 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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