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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 $16 a tonne are over 50 per cent cheaper than the prevailing global rates. We are seeking a marginal increase as w e do not wish to lose the tag of provider of cheap coal to end users,'' Coal India Chairman, Mr Partha S Bhattacharyya said.
CIL is undertaking projects entailing huge investment and ."a nominal hike in coal prices would make such projects viable,'' he said. Also, the Rs 4,000 crore coal-wage pact between CIL and its workers is a factor behind the demand for a price hike.
Mr Bhattacharya said Coal India had reported a sharp drop in retained earnings because of the wage-built annual impact. A profit of Rs 300 crore on a turnover of Rs 45,000 crore was low.
Retained earnings are that percentage of net earnings of a company that is not paid out as dividends but is retained by the company to be reinvested for the growth of the business. CIL had a pre-tax profit of Rs 8,700 crore in the last fiscal. - PTI
Source: The Hindu Busienss
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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
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- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
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