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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, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
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- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
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- Indika Energy - Indonesia
- Indonesian Coal Mining Association
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- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
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- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
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- Mjunction Services Limited - India
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- Romanian Commodities Exchange
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- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
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- Asmin Koalindo Tuhup - Indonesia
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- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
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- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
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- Indian Oil Corporation Limited
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- Planning Commission, India
- Therma Luzon, Inc, Philippines
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- Coal and Oil Company - UAE
- Trasteel International SA, Italy
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- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
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- The University of Queensland
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
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- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
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- Economic Council, Georgia
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- Independent Power Producers Association of India
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