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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, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- The University of Queensland
- Planning Commission, India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
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