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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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Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
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- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
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