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Monday, 10 August 09
VINACOMIN TO SELL COAL AT MARKET PRICES TO DOMESTIC USERS
VNBusinessNews.com - Reuters reported that Vietnamese government has agreed to let coal monopoly Vinacomin sell coal at market oriented prices to domestic users from the fourth quarter of 2009, effectively ending its subsidy on the fuel.
As per report, the government had authorized Vinacomin to sell coal to domestic users on a negotiable and market oriented basis. However, prices should still be about 5% to 10% lower than export prices.
At present domestic power plants buy coal from Vinacomin at about USD 26 to USD 27 a tonne or 70% of the miner's production cost and about half of July's average export price of about USD 54 a tonne.
Ministry of industry & trade said that domestic coal consumption in the first seven months totaled 11.2 million tonnes, up by 1.8% YoY, with purchases by power plants, the biggest coal users, dropping 7% to 3.64 million tonnes.
Vietnam is a key coal supplier to China and Japan. Total exports in the January to July 2009 period fell by 2.8% YoY to 14.2 million tonnes as it moved to save more of the fuel for domestic consumption.
Source: VN Business News
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Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- Indika Energy - Indonesia
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- PowerSource Philippines DevCo
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- Meralco Power Generation, Philippines
- Minerals Council of Australia
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- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
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- Thai Mozambique Logistica
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- Wood Mackenzie - Singapore
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- Alfred C Toepfer International GmbH - Germany
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- Directorate General of MIneral and Coal - Indonesia
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- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
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- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
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- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
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- Global Green Power PLC Corporation, Philippines
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- Jaiprakash Power Ventures ltd
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- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Dalmia Cement Bharat India
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- Samtan Co., Ltd - South Korea
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- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
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- London Commodity Brokers - England
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
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- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
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- Planning Commission, India
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- Trasteel International SA, Italy
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- Indonesian Coal Mining Association
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- Kumho Petrochemical, South Korea
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- Bhatia International Limited - India
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