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Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mechanism to GCV based mechanism to standardize its coal quality as well as prices. Starting from January 1, 2012, Coal India’s coal being sold based on GCV to its customers and also adjusted its coal prices based on current international coal prices, but extended discounts to its customers.
“Coal India recently linked its prices with international rates, and the company will now fix its prices after adjusting for exchange-rate fluctuations and the discounts it offers to local consumers,” Mr. Jha said, as quoted by WSJ. According to an another media, Coal India will review the impact of linking its coal prices with international prices on its sales realization in the next three months.
Reports also say, according to the chairman of coal India, the new pricing mechanism will not lead to any steep rise in coal prices.
However, market players in the opinion that, the shift to a pricing structure based on the gross calorific value of coal, from the useful heat value, could mean an increase of around 10% in weighted average prices for Coal India’s customers, an another media quoted.
If landed price of Indigenous coal and import coal are become a same level in the future, then end-users and buyers will prefer to import coal due to easy availability, flexible supply terms and quality consistence, said an Indian coal importer, requesting anonymity.
The coal India’s move to adjust it coal price and pricing mechanism to international level and standard is a good move on the long run. Nevertheless, it may affect immediately to industry as the industry was not ready to adjust their sourcing plan.
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Saturday, 11 February 12
WILL HISTORY REPEAT ITSELF IN THIS SHIPPING CYCLE? - CLARKSONS / HELLENIC SHIPPING
A slightly dubious "best man" joke runs as follows… Best man (giving his wedding speech): "Have you noticed how history repeat ...
Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to cont ...
Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...
Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's ...
Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...
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- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
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