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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, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
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- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Australian Coal Association
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- SMC Global Power, Philippines
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
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