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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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Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...
Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
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- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
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- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
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- Planning Commission, India
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- Intertek Mineral Services - Indonesia
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- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
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- Sarangani Energy Corporation, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
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- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
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- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
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- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
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- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
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