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Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited in the H2 of the current financial year. This is to meet the rising cost of production, especially on account of the recent salary hike of employees and officers.
While officials in CIL and the Union Coal Ministry denied any such development, sources close to the development said that CIL had initiated the related spadework well before the Lok Sabha election and had proposed approximately 10% increase in prices.
Sources said that CIL has intimated the Union Coal Ministry that its annual wage bill is estimated to increase by INR 2,200 crore to INR 2,300 crore following implementation of the National Coal Wage Agreement and the Pay Commission recommendations.
It may be mentioned that soon after announcing the NCWA, the CIL Chairman indicated that a price revision was imminent, especially to ensure the viability of approximately 124 new projects.
Mr Partha S Bhattacharya chairman of CIL said “Despite our best efforts, the increase in costs may not be fully recovered by increasing production and productivity.” He, however, added that the company would take a call on this issue (price revision) after due assessment.
Meanwhile, coal prices were last increased by 10% in December 2007 after a gap of three years. According to CIL, domestic coal enjoys 50% to 60% price advantage over the landed cost of imported coal even after the meltdown.
Source:http://www.steelguru.com/news/index/2009/05/20/OTUxOTI%3D/CIL_may_urge_new_government_to_hike_coal_price.html
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Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
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- Minerals Council of Australia
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- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
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- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Planning Commission, India
- Romanian Commodities Exchange
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- Coalindo Energy - Indonesia
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- New Zealand Coal & Carbon
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- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
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- Sarangani Energy Corporation, Philippines
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- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
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- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
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- Global Business Power Corporation, Philippines
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- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
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- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
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- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
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- Oldendorff Carriers - Singapore
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- Australian Commodity Traders Exchange
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- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
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- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
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- Central Electricity Authority - India
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- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
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- GVK Power & Infra Limited - India
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