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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, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
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- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
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- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
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- Indonesian Coal Mining Association
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- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
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- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- ASAPP Information Group - India
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- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
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- McConnell Dowell - Australia
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- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
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- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- PTC India Limited - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
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- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
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- Kalimantan Lumbung Energi - Indonesia
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- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
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- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
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- Independent Power Producers Association of India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Kideco Jaya Agung - Indonesia
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