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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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Wednesday, 03 June 09
BUILDING A ROAD TO LINK 3 GIANTS - THE JAKARTA GLOBE
Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising ...
Tuesday, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) ...
Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic p ...
Tuesday, 02 June 09
INDONESIA'S COAL EXPORTS REACH US$ 3.44 BILLION SO FAR THIS YEAR - TRADINGCHARTS
Indonesia`s coal exports in the January-April 2009 period increased by 21.31 per cent to US$3.44 billion compared to US$2.83 billion in the same per ...
Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS
Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan List ...
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- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
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