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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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Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
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- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
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- Kapuas Tunggal Persada - Indonesia
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- Bangladesh Power Developement Board
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
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- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
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- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
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- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
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- New Zealand Coal & Carbon
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- LBH Netherlands Bv - Netherlands
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- PowerSource Philippines DevCo
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- Mintek Dendrill Indonesia
- Parliament of New Zealand
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- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
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- Africa Commodities Group - South Africa
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