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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, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
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- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Carbofer General Trading SA - India
- White Energy Company Limited
- Parliament of New Zealand
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
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