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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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Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Bangladesh Power Developement Board
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- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
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- Eastern Coal Council - USA
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- South Luzon Thermal Energy Corporation
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- Merrill Lynch Commodities Europe
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- Romanian Commodities Exchange
- Sojitz Corporation - Japan
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- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Economic Council, Georgia
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- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
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- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
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- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
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- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
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- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
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- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Planning Commission, India
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- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
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- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
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- CNBM International Corporation - China
- Coalindo Energy - Indonesia
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- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
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- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
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- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
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- ICICI Bank Limited - India
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- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
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- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
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- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
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- The Treasury - Australian Government
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- Australian Coal Association
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- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
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