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, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES


Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reserve of 12-13 million tonnes of A- and B-grade high quality coal. The company was allowed to charge import-linked price for superior grade coal in October.

Eastern Coalfields Ltd, which has the country's largest reserve of 11 million tonnes of superior coal having highest energy value and low sulphur content, recently entered into MoUs with four West Bengal-based power producers to sell the underground production of 5 million tonnes of A- and B- grade coal at an import-linked price of Rs 3,500-3,700 (US$ 74.82 - 79.10)  a tonne. The four power producers are CESC Ltd, West Bengal Power Development Corporation Ltd, Durgapur Projects Ltd and Damodar Valley Corporation.

The landed price to the producers will include 25 per cent cess and Rs 6 (US$ 0.12 ) a tonne of royalty collected by the West Bengal Government plus freight. Till the coal price hike in October, the notified price of A- and B- grade coal at pit head was Rs 1,700-1,800 (US$ 36.34 - 38.48) a tonne.

According to an industry source, the price of similar grade Australian coal (of over 6,000 Kcal/kg of gross calorific value) is approximately $65 a tonne on FOB basis. After inclusion of $25 a tonne of ocean freight cost, the landed price of similar imported coal is Rs 4,500 (US$ 96.17) a tonne at today's exchange rate.

“We are yet to devise a finer mechanism for charging import-linked price and have priced our underground production of superior coal at 15-16 per cent lower than the landed cost of imported coal.

However, we are charging the notified price (Rs 2,200-2,300 (US$ 47 - 49.15) a tonne) open cast production of A- and B-grade coal.

The weighted average of price of the coal on million Kcal basis works out to be approximately 50 per cent cheaper than the imported coal,” a CIL official said.

According to him, following introduction of import-linked price ECL's underground operations may break-even beginning this fiscal.

Apart from ECL, South Eastern Coalfields Ltd has small quantities of A- and B-grade coal reserves. However the company is yet to charge import-linked prices. (1 USD = 46.7942 INR)
Source: Business Line



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

Recent News

Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...


Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...


Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...


Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...


Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...


   1238 1239 1240 1241 1242   
Showing 6196 to 6200 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 ...

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