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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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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
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- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- The University of Queensland
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
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