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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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Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
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- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- MS Steel International - UAE
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
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