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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, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Tamil Nadu electricity Board
- PTC India Limited - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Planning Commission, India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
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