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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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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Australian Coal Association
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
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