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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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- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
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- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
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- London Commodity Brokers - England
- GMR Energy Limited - India
- Posco Energy - South Korea
- VISA Power Limited - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
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- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
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- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
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- Parliament of New Zealand
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- Chamber of Mines of South Africa
- Thai Mozambique Logistica
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- Star Paper Mills Limited - India
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- Antam Resourcindo - Indonesia
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- The State Trading Corporation of India Ltd
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- GAC Shipping (India) Pvt Ltd
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- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
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- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
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- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Aditya Birla Group - India
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- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
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- ICICI Bank Limited - India
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- Bhatia International Limited - India
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- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
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- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
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- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
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- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
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- Kaltim Prima Coal - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
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