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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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Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
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- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
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