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

Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...


Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...


Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...


Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash. ArcelorMittal SA, the South A ...


Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...


   1361 1362 1363 1364 1365   
Showing 6811 to 6815 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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