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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, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
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- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Planning Commission, India
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
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