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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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Saturday, 06 June 09
COAL PRICE HIT RECORD ON STRONG CHINA DEMAND - INVESTMENT WATCH
Investment watch reported that, “Coal price hit a new high of over $72 a tonne at Australia’s Newcastle Port, a benchmark for Asia, spur ...
Friday, 05 June 09
CEMENT INDUSTRY NEEDS POLICY ON FLY ASH
H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation o ...
Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African c ...
Thursday, 04 June 09
CHINA'S SHANXI PROVINCE CONSIDERS COAL FUTURES BOURSE - MINE WEB
Mine Web reported that, China hopes to establish a coal futures exchange to obtain more rights on international pricing.
China's largest coal pr ...
Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...
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- Oldendorff Carriers - Singapore
- Economic Council, Georgia
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- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
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- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
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- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
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- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
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- Indian Oil Corporation Limited
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- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
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- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
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- Manunggal Multi Energi - Indonesia
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- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
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- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Minerals Council of Australia
- CNBM International Corporation - China
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
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