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Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter,'' Coal Minister, Mr Sriprakash Jaiswal told PTI.
Mr Jaiswal's statement came after Coal India said its multi-billion dollars worth of projects could become unviable if prices were not hiked.
The PSU is seeking a nominal increase in prices of its products, which were marginally revised last in 2007. "Our prices starting at about $16 a tonne are over 50 per cent cheaper than the prevailing global rates. We are seeking a marginal increase as w e do not wish to lose the tag of provider of cheap coal to end users,'' Coal India Chairman, Mr Partha S Bhattacharyya said.
CIL is undertaking projects entailing huge investment and ."a nominal hike in coal prices would make such projects viable,'' he said. Also, the Rs 4,000 crore coal-wage pact between CIL and its workers is a factor behind the demand for a price hike.
Mr Bhattacharya said Coal India had reported a sharp drop in retained earnings because of the wage-built annual impact. A profit of Rs 300 crore on a turnover of Rs 45,000 crore was low.
Retained earnings are that percentage of net earnings of a company that is not paid out as dividends but is retained by the company to be reinvested for the growth of the business. CIL had a pre-tax profit of Rs 8,700 crore in the last fiscal. - PTI
Source: The Hindu Busienss
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Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
Tuesday, 08 September 09
INDONESIA OFFERS AN OPPORTUNITY TO INDIANS
Meri News reported that, Indonesia is all set to launch the country's second 10,000 MW accelerated power expansion programme. The new power develop ...
Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION
VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.
Coal mining company PT Tambang Batuba ...
Tuesday, 08 September 09
MERCHANT BANKERS ADVISE CIL ON INDONESIAN MINE BUYS
Business Standard reported that, State-owned Coal India Ltd (CIL) is being advised by four to five merchant bankers on acquisition of coal assets in ...
Tuesday, 08 September 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 - PRESS RELEASE
The 3rd Asia Pacific Coal Trading & Investment Outlook 2009
Analysis of Asia Coal Market amid Global Financial Crisis
COALspot.com(Chin ...
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- Medco Energi Mining Internasional
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- Economic Council, Georgia
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- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
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- Global Business Power Corporation, Philippines
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- Samtan Co., Ltd - South Korea
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- Petrochimia International Co. Ltd.- Taiwan
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- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
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- European Bulk Services B.V. - Netherlands
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- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
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- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Mjunction Services Limited - India
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- Independent Power Producers Association of India
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- White Energy Company Limited
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- Toyota Tsusho Corporation, Japan
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- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
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- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
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- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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- The University of Queensland
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Australian Coal Association
- Commonwealth Bank - Australia
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- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
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- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
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- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
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- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
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- Eastern Energy - Thailand
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- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
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- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
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- Indonesian Coal Mining Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- International Coal Ventures Pvt Ltd - India
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- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
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