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

Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...


Tuesday, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boos ...


Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...


Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year. Indian coal buyers were a ...


Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...


   1351 1352 1353 1354 1355   
Showing 6761 to 6765 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 ...

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