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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 $16 a tonne are over 50 per cent cheaper than the prevailing global rates. We are seeking a marginal increase as w e do not wish to lose the tag of provider of cheap coal to end users,'' Coal India Chairman, Mr Partha S Bhattacharyya said.
CIL is undertaking projects entailing huge investment and ."a nominal hike in coal prices would make such projects viable,'' he said. Also, the Rs 4,000 crore coal-wage pact between CIL and its workers is a factor behind the demand for a price hike.
Mr Bhattacharya said Coal India had reported a sharp drop in retained earnings because of the wage-built annual impact. A profit of Rs 300 crore on a turnover of Rs 45,000 crore was low.
Retained earnings are that percentage of net earnings of a company that is not paid out as dividends but is retained by the company to be reinvested for the growth of the business. CIL had a pre-tax profit of Rs 8,700 crore in the last fiscal. - PTI
Source: The Hindu Busienss
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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
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 ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
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