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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, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.
ArcelorMittal SA, the South A ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Central Electricity Authority - India
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