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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, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Australian Coal Association
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