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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, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- Straits Asia Resources Limited - Singapore
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- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
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- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
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- Jaiprakash Power Ventures ltd
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- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- The University of Queensland
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- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
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- Singapore Mercantile Exchange
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- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
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- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- PTC India Limited - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
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- Samtan Co., Ltd - South Korea
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
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- Oldendorff Carriers - Singapore
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- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
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- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
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- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
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- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
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