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, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scrambles to fill a shortage of steelmaking ingredients, two government sources said on Tuesday.
 
The proposal to scrap levies ranging from 2.5% to 7.5% in the world’s second biggest producer of crude steel comes ahead of the national budget for 2023/24 set to be unveiled in February.
 
The ministry’s plan to scrap the tax on limestone, manganese ore, steel scrap, graphite electrodes, chrome ore, and ferro nickel, in addition to coking coal, has been sent to the finance ministry, said the sources, who spoke on condition of anonymity.
 
“The idea is to import raw materials, whichever is available, at the lowest possible import duty,” said one of the sources. “We have asked for a waiver, complete removal.”
 
If agreed, the tax waiver on the raw materials would cost about 37 billion rupees ($449 million), the sources said.
 
Spokespersons of the steel and finance ministries did not immediately reply to an email from Reuters to seek comment.
 
Imports of coking coal meet about 85% of India’s annual requirements of about 50 million to 55 million tonnes.
 
Australia is India’s top supplier, and a free trade pact between New Delhi and Canberra that takes effect from Dec. 29 allows duty-free imports of coking coal by India.
 
Stung by a sharp rise in global prices of coking coal, a key raw material in steelmaking, India has been aiming to diversify its purchases.
 
Indian steelmakers’ profits declined this year as global demand slowed and the government slapped an export tax on some steel products.
 
Last month, India scrapped export tax on some steel grades, but industry officials say it will take time to claw back some of the business lost in traditional export markets, such as Europe.
Source: Reuters


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

Recent News

Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report. ...


Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...


Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...


Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...


Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...


   3 4 5 6 7   
Showing 21 to 25 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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