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Friday, 11 October 19
INDIAN MINERS REJECT PLAN TO LINK NATIONAL COAL INDEX TO FOREIGN PRICES - REUTERS
 India’s miners are rejecting a government proposal to establish a national coal index that would be linked to international prices, documents reviewed by Reuters show, because it could make domestic supply uncompetitive.
India’s government is creating a coal price index as part of its plans to open the coal sector to outside investment and end state-run Coal India’s control over prices. The country plans to invite bids from global firms for coal mining blocks by the end of 2019.
A government panel has proposed one index that would link directly to foreign indexes, such as in Indonesia and Australia and a second proposal that measures the value and volume of all coal transactions, including imports, and compares them to a base period, government documents reviewed by Reuters showed.
Local coal prices would likely rise as a result of either proposed index, reducing the competitiveness of local supply, which typically has a lower heat content, to imports.
The Federation of Indian Mineral Industries (FIMI), which counts Rio Tinto’s India unit and India’s Adani Enterprises among members, objected to both plans in a Aug. 23 letter to the Ministry of Coal that was reviewed by Reuters.
FIMI argued instead that the government should base prices only on Coal India’s fuel supply agreements and e-auctions.
“The weightage of lower grades accounts for almost 70% of total (Indian) production. Contrary to this, global indexes are based on higher gross calorific value coals,” FIMI said.
India’s coal ministry declined to comment on details about the index and when it plans to release it.
“Indian coal market has not matured enough to be linked with such indexes. Indian coal is still suffering badly with quality issues at mines, prices are offered ex-mine unlike global indexes,” FIMI said.
Coal is among the top five commodities imported by India. Shipments are surging after the government failed to open the industry to competition, despite passing a liberalization policy 19 months ago.
FIMI argued that India should have a separate index for coking coal, used in steel mills.
But a future index should not look like Indonesia’s, which factors in various indices including the export index from Newcastle, Australia, as Indonesia is the world’s largest exporter, while India would forever remain an importer, FIMI said.
Source: Reuters
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Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
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Showing 6 to 10 news of total 6846 |
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- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Australian Coal Association
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Planning Commission, India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
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