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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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Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
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- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
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