We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
 WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices to mitigate the impact of wage hikes, which hurt its profit for the last financial year to the extent of 83 billion rupees ($1.74 billion).
"We have reported a sharp drop in earnings and that is because of a pay revision for workers and officers," Partha Bhattacharyya told reporters on the sidelines of a coal conference.
"We need to improve. That can be done by a modest increase in coal prices."
Coal India, which accounts for more than 80% of India's total coal production, last raised prices in August 2007, by 10%.
Although coal prices in India were deregulated completely in January 2000, the price is fixed by state-run companies under the guidance of the coal ministry.
However, India's coal minister, Sriprakash Jaiswal, said the federal government wasn't considering a coal price hike.
"There is a need for higher coal prices due to wage hikes. But currently the government isn't considering a hike," he told reporters, adding the possibility of a price hike later can't be ruled out.
India's federal government plans to sell a 10% stake in Coal India. Mr. Bhattacharyya said Coal India's profit will be hit by 40 billion rupees in the current financial year due to the wage hike.
Coal India expects coal production to rise 7.7% in the current fiscal to 435 million metric tons. The company, which has been posting an average annual production growth of 5%, may have to increase production by 8.5%-9% to meet India's growing demand, Mr. Bhattacharyya said.
India's coal demand this year is estimated at 604.33 million tons, while domestic production is estimated at 534.33 million tons, leaving a gap of 70 million tons which needs to be met through imports.
India is facing a coal shortage as its power generation is increasing 7.5% annually while coal production is rising only 5%, Central Electricity Authority Chairman Rakesh Nath said in a separate conference Friday.
He expects thermal power coal imports to widen to 40 million tons by the fiscal ending March 31, 2012 from 28.7 million tons in the current year, due to the growing mismatch between local supply and demand.
"Coal shortages will continue due to the demand-supply gap," he said.
Source: WSJ
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
|
|
|
Showing 6561 to 6565 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- The University of Queensland
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Australian Coal Association
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
|
| |
| |
|
