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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, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
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- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Planning Commission, India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- ASAPP Information Group - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
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