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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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Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
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- Straits Asia Resources Limited - Singapore
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- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
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- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
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- AsiaOL BioFuels Corp., Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
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- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
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