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Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
 Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 crore (US$ 1,325,087,194) a year and helping the state-run firm meet rising costs at a time when output is stagnant in the face of inefficiency and environmental laws.
It has spared buyers in the power , fertiliser and defence sectors , which account for 80% of its sales, and raised prices for other buyers.
Price of premium grades of coal, A and B, has been linked to the international price and will now be offered at a 15% discount on the global spot prices. The benchmark price will be decided through a complex formula involving calorific value of the coal, as well as on the basis of Indonesian coal spot prices. Rest of the grade, C to F, will now be 30% dearer than the earlier notified price.
"The rise was inevitable since we have been severely affected by pollution norm introduced by the ministry of forest and environment. It is also expected to cover inflation, and rising wage and dearness allowance," chairman, Partha S Bhattacharyya said.
Earlier, CIL had said it would raise prices in July but the increase was necessary as growth in output has slowed down to 1-2% from 6% last year.
Coal India produces only about 20 million tones of grade A and B coal. Prior to the hike they were being offered at between 1,710 (US$ 37.76) and 2,370 (US$ 52.34) per tonne. If last week's international bench mark prices are taken, these two grades will now cost between 3,690 (US$ 81.50) per tonne and 4,100 (US$ 90.55) per tonne.
Grades C to F were available at prices ranging between 1,860 (US$ 41.08) and 480 (US$ 10.60) per tonne depending on the grades and the mines. These will now cost between 2,418 (US$ 53.40) per tonne and 624 (US$ 13.78) per tonne.
" Power, fertiliser and defense has been left out of the hike to reduce its effect of inflation. These three sectors consume around 80% of CIL's coal. The rest goes to non regulated sector, where the end price is not regulated by any sector," a CIL official said.
" Coal prices for grades A & B will now be reviewed after a year. However, we need to take periodic review of the prices of the rest of the categories," he added. (1 INR = 0.0220872 USD - www.xe.com)
Source: Economic Times
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Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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- Posco Energy - South Korea
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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