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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, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
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- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Australian Coal Association
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
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