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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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Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
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- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
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- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Parry Sugars Refinery, India
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- Global Business Power Corporation, Philippines
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- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
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