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Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will launch the index in the second week of July, a company official said Tuesday.
"A present there is no credible price index to track coal prices in the country. There are four coal indexes all over the world. Soon we are going to get one," Viresh Oberoi, managing director and chief executive of Mjunction (formerly Metal Junction), told IANS here.
The four existing coal indexes are: South African Richards Bay Coal - API-4, Australian New Castle Coal - API-3, Japan Power Utility Index and ACR Asian Index.
At present, nobody has a clear idea about the price movement. Once the index is launched, it would give crucial information about prices to those who want to trade in future contracts, he said.
"We will track the coal prices scientifically and publish it on our website as MJ Coal Index for the benefit of buyers, traders and industry at large," Oberoi said.
"At present, there are 440 varieties of coal available in India. With no scientific method to track the price movement it is difficult for the Indian buyers to hedge their risk against coal price volatility," he added.
The index would be calculated on the basis of weighted price average of coal computed from the price of different grades of coal tendered at various coal mines across the country.
"It would reduce the role of middlemen in the business and help buyers know the right prices of coal," he said.
Source: Prokerala (http://www.prokerala.com/news/articles/a61561.html)
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Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
Wednesday, 15 July 09
INDONESIAN FIRM SUBMITS LOWEST BID FOR NAPOCOR COAL
ABS-CBN News reported that, An Indonesian firm offered to supply 195,000 tons of thermal coal to top Philippine electricity producer National Power ...
Wednesday, 15 July 09
INDIAN COAL MINISTRY TO CONSIDER POWER PLANT ALTERATION PROPOSALS
PTI reported that the coal ministry has agreed to consider applications of power plants seeking long term coal linkage due to enhancement in electri ...
Wednesday, 15 July 09
SHENHUA STARTS WORK ON INDONESIA POWER PLANT
Bloomberg reported that China Shenhua Guohau Power a unit of China’s biggest coal producer started construction of a power plant and mine in I ...
Wednesday, 15 July 09
PLN OPENS TENDERS FOR SUPPLY OF LOW - GRADE COAL
The Jakarta Globe, a Indonesian new paper reported that, State power utility PT PLN has opened a tender for the supply of low-grade coal for the nat ...
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- Coal and Oil Company - UAE
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- Mercuria Energy - Indonesia
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- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
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- Planning Commission, India
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- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
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- Global Green Power PLC Corporation, Philippines
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- Lanco Infratech Ltd - India
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- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
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- Independent Power Producers Association of India
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- Energy Development Corp, Philippines
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- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
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- Indian Oil Corporation Limited
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- PTC India Limited - India
- Indika Energy - Indonesia
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- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
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- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
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- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Bhatia International Limited - India
- Larsen & Toubro Limited - India
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- Merrill Lynch Commodities Europe
- Australian Coal Association
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
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- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
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- SMC Global Power, Philippines
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- Tata Chemicals Ltd - India
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- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
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- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
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- Chamber of Mines of South Africa
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- South Luzon Thermal Energy Corporation
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- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
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- The University of Queensland
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- Australian Commodity Traders Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
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- Indonesian Coal Mining Association
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- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
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- Vedanta Resources Plc - India
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- India Bulls Power Limited - India
- SMG Consultants - Indonesia
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- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
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