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Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offshore schemes, Russia's top auditing body said.
A report published on the Audit Chamber website said up to 80 percent of Russian coal exports were going through offshore firms at prices often 30 percent to 54 percent below market rates.
"As a result substantial funds raised from coal sales are accumulated on offshore firms' accounts while Russia's budget is losing a substantial part of tax revenues," the auditing chamber said in a statement.
The investigation follows criticism by Russian Prime Minister Vladimir Putin of the export policies of major Russian coal firms last year.
Putin attacked coking coal producer Mechel for its pricing policies, causing a sharp sell-off of the New York-listed stock.
Russia produced 326 million tonnes of coal last year and exported just over 100 million tonnes with Mechel, SUEK, KuzbassRazrezUgol and Raspadskaya (RASP.MM) being among top producers and exporters.
Source: Reuters
(http://www.reuters.com/article/marketsNews/idUSL757937520090707)
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Thursday, 06 August 09
CHINA JULY COAL IMPORTS AT 9.5 MLN T, DEMAND FIRM
* Coal imports at key ports in July 2.8 times year-ago levels
* July coal imports down nearly 40 percent from June
* China still buying overseas c ...
Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
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- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
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- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
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