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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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Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- McConnell Dowell - Australia
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- SMG Consultants - Indonesia
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- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
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- Directorate Of Revenue Intelligence - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Commonwealth Bank - Australia
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- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
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- Interocean Group of Companies - India
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- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
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- Renaissance Capital - South Africa
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- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- White Energy Company Limited
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
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- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
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- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
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- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
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- VISA Power Limited - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
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- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Jaiprakash Power Ventures ltd
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- IEA Clean Coal Centre - UK
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- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
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- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
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- Africa Commodities Group - South Africa
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- Oldendorff Carriers - Singapore
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- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
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- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
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- Planning Commission, India
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- ICICI Bank Limited - India
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