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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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Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...
Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...
Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...
Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will ...
Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
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- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
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