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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
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Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...
Wednesday, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
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- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
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