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Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced custom and countervailing duty on Bituminous coal.
Finance Minister of India in his budget speech today, announced a hike in the basic customs duty on steam coal from present Zero to two percent and CVD from one per cent to two per cent. Steam coal also known as thermal coal or power plant coal is mainly used in power generation.
Recently Indian customs officers defined coal with Volatile Matter over 14 percent and calorific value over 5833 kcal/kg on moisture, mineral matter free (DMMF) basis as "Bituminous Coal".
"Prior to today’s announcement, steam coal is exempt from customs duty but subject to one percent concessional CVD. In the meantime, Bituminous coal attracts a duty of 5 per cent and CVD of 6 per cent. The government has equalized the duties on both type of coal and levy two per cent customs duty and two per cent CVD.
According to Media reports, India has imported around 30 million tons of bituminous coal last year against around 50 million tons of steam coal.
"Coal from Indonesian origin has special tax treatment In India. Hence importers of Indonesian coal will not affect significantly by above increase," a coal importer from India said.
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Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...
Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
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- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Australian Coal Association
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- The University of Queensland
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
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