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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, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) ...
Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic p ...
Tuesday, 02 June 09
INDONESIA'S COAL EXPORTS REACH US$ 3.44 BILLION SO FAR THIS YEAR - TRADINGCHARTS
Indonesia`s coal exports in the January-April 2009 period increased by 21.31 per cent to US$3.44 billion compared to US$2.83 billion in the same per ...
Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS
Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan List ...
Tuesday, 02 June 09
ADARO MAY RAISE COAL SALES TO CHINA, INDIA PLANTS - THE JAKARTA GLOBE
PT Adaro Energy, the country’s second-largest coal producer, may increase sales of power-plant coal to China and India on signs of a global ec ...
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- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Aditya Birla Group - India
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
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