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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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Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
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- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- CNBM International Corporation - China
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
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