COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION


Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitration proceedings to settle a payment dispute, according to Bhatia officials.

The arbitration hearings will be held in London during the next few months and will be subject to English law, officials added. They were unable to give more details such as the amount of coal or money involved because the matter is sub judice.

Vitol declined to comment. The amount in dispute that is owed to Vitol is in excess of $50 million, according to a source close to the developments. "We cancelled the contract so there is no non-performance on Bhatia's part," a senior Bhatia official said.

A source close to the issue said Bhatia cancelled the contract in order to avoid loading South African coal cargoes in every quarter this year which were bought in 2008 as part of an annual supply deal when prices were over 70 percent higher than present levels.

It has become the norm in coal trading - as it has been for many years in oil - for companies which have both sales and purchases with each other to simplify settlement by "washing-out" several deals so that the party which owes money overall makes a single payment.

There has been a rash of arbitration cases to settle disputes between Indian traders who did not perform on coal contracts signed before the plunge in prices last September and international suppliers. In many instances, suppliers said they have re-negotiated prices and re-scheduled deliveries to Indian buyers instead of going to arbitration.

Source:http://coaljunction.in/market_news/bhatia_coal_india_vitol_in_dis.php



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...


Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...


Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...


Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...


   1340 1341 1342 1343 1344   
Showing 6706 to 6710 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Gresik Semen - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Malco - India
  • SASOL - South Africa
  • Bharathi Cement Corporation - India
  • Energy Link Ltd, New Zealand
  • Gujarat Electricity Regulatory Commission - India
  • Clarksons - UK
  • Gujarat Mineral Development Corp Ltd - India
  • Port Waratah Coal Services - Australia
  • Qatrana Cement - Jordan
  • Bulk Trading Sa - Switzerland
  • Cardiff University - UK
  • Bukit Makmur.PT - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Eastern Coal Council - USA
  • Rashtriya Ispat Nigam Limited - India
  • globalCOAL - UK
  • Semirara Mining and Power Corporation, Philippines
  • Global Business Power Corporation, Philippines
  • Tanito Harum - Indonesia
  • DBS Bank - Singapore
  • Vitol - Bahrain
  • South Luzon Thermal Energy Corporation
  • Directorate Of Revenue Intelligence - India
  • Riau Bara Harum - Indonesia
  • The University of Queensland
  • Globalindo Alam Lestari - Indonesia
  • Lafarge - France
  • Coalindo Energy - Indonesia
  • Petron Corporation, Philippines
  • Bangkok Bank PCL
  • Rio Tinto Coal - Australia
  • Sucofindo - Indonesia
  • Shenhua Group - China
  • KPCL - India
  • Kobe Steel Ltd - Japan
  • Vale Mozambique
  • Britmindo - Indonesia
  • Independent Power Producers Association of India
  • World Bank
  • PLN Batubara - Indonesia
  • Bhatia International Limited - India
  • Sakthi Sugars Limited - India
  • Energy Development Corp, Philippines
  • Deutsche Bank - India
  • Geoservices-GeoAssay Lab
  • IMC Shipping - Singapore
  • Antam Resourcindo - Indonesia
  • GNFC Limited - India
  • Parry Sugars Refinery, India
  • Mercator Lines Limited - India
  • Kideco Jaya Agung - Indonesia
  • Medco Energi Mining Internasional
  • Samtan Co., Ltd - South Korea
  • IEA Clean Coal Centre - UK
  • Thermax Limited - India
  • Indonesia Power. PT
  • Dalmia Cement Bharat India
  • Mintek Dendrill Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Salva Resources Pvt Ltd - India
  • VISA Power Limited - India
  • Minerals Council of Australia
  • ASAPP Information Group - India
  • The Treasury - Australian Government
  • CESC Limited - India
  • Aditya Birla Group - India
  • Inco-Indonesia
  • U S Energy Resources
  • Heidelberg Cement - Germany
  • Xstrata Coal
  • Infraline Energy - India
  • PTC India Limited - India
  • Mitsui
  • IOL Indonesia
  • Glencore India Pvt. Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Therma Luzon, Inc, Philippines
  • Savvy Resources Ltd - HongKong
  • Karbindo Abesyapradhi - Indoneisa
  • Noble Europe Ltd - UK
  • Power Finance Corporation Ltd., India
  • HSBC - Hong Kong
  • Vijayanagar Sugar Pvt Ltd - India
  • Maharashtra Electricity Regulatory Commission - India
  • Global Green Power PLC Corporation, Philippines
  • Rudhra Energy - India
  • World Coal - UK
  • Manunggal Multi Energi - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Malabar Cements Ltd - India
  • Core Mineral Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • TNPL - India
  • Price Waterhouse Coopers - Russia
  • Aboitiz Power Corporation - Philippines
  • Mercuria Energy - Indonesia
  • Thiess Contractors Indonesia
  • Mitra SK Pvt Ltd - India
  • GMR Energy Limited - India
  • Larsen & Toubro Limited - India
  • London Commodity Brokers - England
  • Reliance Power - India
  • GHCL Limited - India
  • Attock Cement Pakistan Limited
  • Kartika Selabumi Mining - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Essar Steel Hazira Ltd - India
  • Tata Chemicals Ltd - India
  • New Zealand Coal & Carbon
  • Central Electricity Authority - India
  • Orica Australia Pty. Ltd.
  • Maruti Cements - India
  • Karaikal Port Pvt Ltd - India
  • Peabody Energy - USA
  • Economic Council, Georgia
  • NTPC Limited - India
  • Jindal Steel & Power Ltd - India
  • Indian Oil Corporation Limited
  • Formosa Plastics Group - Taiwan
  • Sree Jayajothi Cements Limited - India
  • Jatenergy - Australia
  • Anglo American - United Kingdom
  • PNOC Exploration Corporation - Philippines
  • Asian Development Bank
  • Altura Mining Limited, Indonesia
  • Tata Power - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Ministry of Transport, Egypt
  • Baramulti Group, Indonesia
  • Total Coal South Africa
  • Pendopo Energi Batubara - Indonesia
  • Ministry of Finance - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Coastal Gujarat Power Limited - India
  • Adaro Indonesia
  • SN Aboitiz Power Inc, Philippines
  • TANGEDCO India
  • Ministry of Mines - Canada
  • TGV SRAAC LIMITED, India
  • Coal India Limited
  • Commonwealth Bank - Australia
  • Jorong Barutama Greston.PT - Indonesia
  • Borneo Indobara - Indonesia
  • Gujarat Sidhee Cement - India
  • Inspectorate - India
  • Siam City Cement PLC, Thailand
  • MS Steel International - UAE
  • CIMB Investment Bank - Malaysia
  • Intertek Mineral Services - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Wilmar Investment Holdings
  • Planning Commission, India
  • Sojitz Corporation - Japan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Kapuas Tunggal Persada - Indonesia
  • APGENCO India
  • NALCO India
  • Holcim Trading Pte Ltd - Singapore
  • Indonesian Coal Mining Association
  • San Jose City I Power Corp, Philippines
  • Orica Mining Services - Indonesia
  • Edison Trading Spa - Italy
  • Iligan Light & Power Inc, Philippines
  • Sical Logistics Limited - India
  • Vedanta Resources Plc - India
  • Indian School of Mines
  • Oldendorff Carriers - Singapore
  • SMC Global Power, Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Fearnleys - India
  • Sindya Power Generating Company Private Ltd
  • Chamber of Mines of South Africa
  • Electricity Authority, New Zealand
  • RBS Sempra - UK
  • Asia Cement - Taiwan
  • Madhucon Powers Ltd - India
  • Wood Mackenzie - Singapore
  • TeaM Sual Corporation - Philippines
  • EMO - The Netherlands
  • India Bulls Power Limited - India
  • Ernst & Young Pvt. Ltd.
  • Tamil Nadu electricity Board
  • Credit Suisse - India
  • PLN - Indonesia
  • Maersk Broker
  • Thriveni
  • Cebu Energy, Philippines
  • Romanian Commodities Exchange
  • The State Trading Corporation of India Ltd
  • Japan Coal Energy Center
  • EIA - United States
  • CCIC - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Bank of China, Malaysia
  • KEPCO - South Korea
  • Cargill India Pvt Ltd
  • TRAFIGURA, South Korea
  • JPMorgan - India
  • SGS (Thailand) Limited
  • Indika Energy - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Argus Media - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Indorama - Singapore
  • The India Cements Ltd
  • Interocean Group of Companies - India
  • White Energy Company Limited
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bhoruka Overseas - Indonesia
  • Mjunction Services Limited - India
  • Indian Energy Exchange, India
  • Barasentosa Lestari - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Panama Canal Authority
  • Leighton Contractors Pty Ltd - Australia
  • Kaltim Prima Coal - Indonesia
  • Central Java Power - Indonesia
  • Coaltrans Conferences
  • Mitsubishi Corporation
  • Maybank - Singapore
  • Agrawal Coal Company - India
  • International Coal Ventures Pvt Ltd - India
  • Permata Bank - Indonesia
  • Ince & co LLP
  • Australian Coal Association
  • Arch Coal - USA
  • ANZ Bank - Australia
  • TNB Fuel Sdn Bhd - Malaysia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Cemex - Philippines
  • SUEK AG - Indonesia
  • IBC Asia (S) Pte Ltd
  • Bangladesh Power Developement Board
  • GVK Power & Infra Limited - India
  • UOB Asia (HK) Ltd
  • Sarangani Energy Corporation, Philippines
  • McKinsey & Co - India
  • Singapore Mercantile Exchange
  • Timah Investasi Mineral - Indoneisa
  • Directorate General of MIneral and Coal - Indonesia
  • BNP Paribas - Singapore
  • Bhushan Steel Limited - India
  • bp singapore
  • Lanco Infratech Ltd - India
  • Videocon Industries ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Merrill Lynch Bank
  • Ambuja Cements Ltd - India
  • Idemitsu - Japan
  • Coal Orbis AG
  • GN Power Mariveles Coal Plant, Philippines
  • Cement Manufacturers Association - India
  • Electricity Generating Authority of Thailand
  • Banpu Public Company Limited - Thailand
  • Ind-Barath Power Infra Limited - India
  • Meralco Power Generation, Philippines
  • Binh Thuan Hamico - Vietnam
  • Kobexindo Tractors - Indoneisa
  • ING Bank NV - Singapore
  • WorleyParsons
  • Thomson Reuters GRC
  • UBS Singapore
  • Carbofer General Trading SA - India
  • OPG Power Generation Pvt Ltd - India
  • ICICI Bank Limited - India
  • Global Coal Blending Company Limited - Australia
  • Vizag Seaport Private Limited - India
  • McConnell Dowell - Australia
  • Petrosea - Indonesia
  • PowerSource Philippines DevCo
  • Mechel - Russia
  • Australian Commodity Traders Exchange
  • Makarim & Taira - Indonesia
  • Latin American Coal - Colombia
  • Renaissance Capital - South Africa
  • SMG Consultants - Indonesia
  • CoalTek, United States
  • Thailand Anthracite
  • Platts
  • Meenaskhi Energy Private Limited - India
  • CNBM International Corporation - China
  • GB Group - China
  • Indo Tambangraya Megah - Indonesia
  • Russian Coal LLC
  • Enel Italy
  • Moodys - Singapore
  • Pinang Coal Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Parliament of New Zealand
  • Xindia Steels Limited - India
  • Simpson Spence & Young - Indonesia
  • Standard Chartered Bank - UAE
  • Africa Commodities Group - South Africa
  • Siam City Cement - Thailand
  • Freeport Indonesia
  • J M Baxi & Co - India
  • Kumho Petrochemical, South Korea
  • KPMG - USA
  • JPower - Japan
  • PetroVietnam
  • Jaiprakash Power Ventures ltd
  • Goldman Sachs - Singapore
  • Alfred C Toepfer International GmbH - Germany
  • Metalloyd Limited - United Kingdom
  • Deloitte Consulting - India
  • Miang Besar Coal Terminal - Indonesia
  • Marubeni Corporation - India
  • Humpuss - Indonesia
  • Maheswari Brothers Coal Limited - India
  • MEC Coal - Indonesia
  • Uttam Galva Steels Limited - India
  • OCBC - Singapore
  • Star Paper Mills Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • European Bulk Services B.V. - Netherlands
  • ACC Limited - India
  • Toyota Tsusho Corporation, Japan
  • Coeclerici Indonesia
  • Adani Power Ltd - India
  • Georgia Ports Authority, United States
  • KOWEPO - South Korea
  • Shree Cement - India
  • Kalimantan Lumbung Energi - Indonesia
  • Grasim Industreis Ltd - India
  • Eastern Energy - Thailand
  • Krishnapatnam Port Company Ltd. - India
  • Merrill Lynch Commodities Europe
  • Samsung - South Korea
  • Trasteel International SA, Italy
  • Surastha Cement
  • Straits Asia Resources Limited - Singapore
  • Coal and Oil Company - UAE
  • Arutmin Indonesia
  • Cosco
  • Barclays Capital - USA
  • Thai Mozambique Logistica
  • Platou - Singapore
  • SRK Consulting
  • BRS Brokers - Singapore
  • Posco Energy - South Korea
  • Bayan Resources Tbk. - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Indogreen Group - Indonesia
  • ETA - Dubai
  • Semirara Mining Corp, Philippines
  • Bank of America
  • Gupta Coal India Ltd
  • Berau Coal - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Runge Indonesia