We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
 Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court against Essar Steel Algoma Inc over allegations that the steel company has refused to take full contract shipments of metallurgical coal.
A lawsuit was filed April 27th 2009 in the U.S. District Court for the Southern District of West Virginia by ICG LLC. Essar has steelmaking facilities in Sault Ste. According to the suit, in July and September of 2008, ICG and Essar entered into two separate purchase orders under which Essar agreed to buy 65,100 tonnes of coal from ICG during the rest of calendar 2008.
The July 2008 order was for 42,000 tonnes of coal to be shipped by the end of 2008 at USD 175 per tonne FOB mine. Of that total, 28,000 tonnes was supposed to be high volume coal from the Sentinel Clarion mine in Barbour County and 14,000 tons would be low volume coal from the Carlos mine in Allegany County.
ICG said in the lawsuit that despite its commitments under each contract, Essar took only 14,944.25 tonnes under the July deal and 14,464.25 tonnes under the September agreement.
ICG is asking the court to find Essar in breach of the contracts and to award damages of at least USD 75,000. The USD 75,000 figure is probably not representative of actual damages and is instead a standard figure that represents a minimum damage amount in a federal lawsuit.
In a July 9th 2009 response to the ICG suit, Essar denied the ICG claims. It said that "Essar's performance was commercially impracticable and excused. Essar's performance was substantially frustrated and excused."
Arch subsidiary Arch Coal Sales Co Inc filed a similar suit May 20th 2009 at the same West Virginia court against Essar. In that suit, Arch said that it and Essar signed a September 2008 agreement for 60,000 to 72,000 tonnes of high volume coal to be delivered from September through December 2008.
Arch said that Essar had accepted and paid for a total of only 25,767 tonnes of the coal shipped via two of the four intended vessels. Despite requests that it take the rest of the coal, Essar has refused to do so. Arch is asking that Essar be found in breach of contract and for damages of at least USD 75,000. Unlike ICG in its lawsuit, Arch redacted coal contract pricing information from its suit.
Source: Steel Guru
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
|
|
|
Showing 6566 to 6570 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
|
| |
| |
|
