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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, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
Saturday, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
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- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
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- Sarangani Energy Corporation, Philippines
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- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
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- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
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- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
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- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
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- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
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- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
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- Wilmar Investment Holdings
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
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- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
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- The University of Queensland
- Medco Energi Mining Internasional
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- Indian Oil Corporation Limited
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- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
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- Standard Chartered Bank - UAE
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- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Parliament of New Zealand
- Romanian Commodities Exchange
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