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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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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Vijayanagar Sugar Pvt Ltd - India
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- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
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- LBH Netherlands Bv - Netherlands
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- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
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- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
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- Global Coal Blending Company Limited - Australia
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- Attock Cement Pakistan Limited
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- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
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- Banpu Public Company Limited - Thailand
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- MS Steel International - UAE
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- Rio Tinto Coal - Australia
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- Sindya Power Generating Company Private Ltd
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- Australian Coal Association
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- Economic Council, Georgia
- New Zealand Coal & Carbon
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Indian Oil Corporation Limited
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- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
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- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Samtan Co., Ltd - South Korea
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- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
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- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
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- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
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- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Deloitte Consulting - India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
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- Minerals Council of Australia
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- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- McConnell Dowell - Australia
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- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
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- London Commodity Brokers - England
- Cement Manufacturers Association - India
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- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
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- Marubeni Corporation - India
- The University of Queensland
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
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- GVK Power & Infra Limited - India
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- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
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- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
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- Planning Commission, India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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