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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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Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing me ...
Saturday, 31 December 11
GLOBALCOAL NEWC INDEX SURGED 2.32 PERCENT
COALspot.com - globalCOAL index in Newcastle Port, benchmark for Asian market, ended substantially higher, surged 2.32 percent to US$115.47 per ...
Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbun ...
Friday, 30 December 11
CENTRAL GOVERNMENT SHOULD ISSUE PERMITS - THE JAKARTA POST
The Jakarta Post reported that, business associations from both the palm oil and mining sectors have suggested that the central government should re ...
Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...
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- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Aditya Birla Group - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- The University of Queensland
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Planning Commission, India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
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