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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Minerals Council of Australia
- Australian Coal Association
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Planning Commission, India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- VISA Power Limited - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
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