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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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Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
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- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Planning Commission, India
- The University of Queensland
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
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