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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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Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
Wednesday, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
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- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
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