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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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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 ...
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Showing 6811 to 6815 news of total 6871 |
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- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
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