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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, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
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- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
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