COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL


After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the floor price of coal being sold through this route.

The forward e-auction process, which started in Western Coalfields Limited (WCL) and Eastern Coalfields Limited (ECL) — the two subsidiaries of CIL last month, has drawn a lacklustre response as the floor price of coal offered through this route was twice the notified price.

The coal consumers cannot buy coal at such high prices through the forward e-auction route and this has prompted CIL to think of a downward revision in the floor price, an industry source told Business Standard.

Two rounds of bidding have been completed so far for the forward e-auction launched in August this year.

In the first round, WCL had offered about 500,000 tonnes of coal through the forward e-auction route out of which sale of only 1,200 tonnes of coal materialized. On the other hand, the coal offered by ECL in the second round drew a blank from the consumers.

Earlier, coal consumers across the country had objected to CIL’s decision to fix the floor price of coal to be sold on the forward e-auction platform at two times higher than the notified price.

The coal consumers alleged that CIL is keen on making greater profit through sale of forward e-auction coal without caring for the interests of the consumers.

On its part, CIL has clarified that high grade coal containing low ash content from the UG mines was to be sold on the forward e-auction platform. The floor price of this coal has to be higher as the cost of coal production from UG mines was higher than that of open cast projects.

Ten per cent of the spot e-auction coal was to be sold through the forward e-auction route.

In 2009-10, 45 million tonnes of coal was to be sold through the e-auction mode and 10 per cent of this coal was proposed to be sold through forward e-auction.

The two platforms for forward e-auction are mjunction.com and MSTC Limited.
Source: Business Standard



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...


Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...


Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...


Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...


Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain * Older coal loading facility seem unaffected so far * UBS may cut valuation if disruption ...


   1270 1271 1272 1273 1274   
Showing 6356 to 6360 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Maharashtra Electricity Regulatory Commission - India
  • Ambuja Cements Ltd - India
  • Orica Mining Services - Indonesia
  • Thailand Anthracite
  • McConnell Dowell - Australia
  • Vale Mozambique
  • Independent Power Producers Association of India
  • TRAFIGURA, South Korea
  • OPG Power Generation Pvt Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Indian Oil Corporation Limited
  • Fearnleys - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Thiess Contractors Indonesia
  • Thai Mozambique Logistica
  • BNP Paribas - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • PNOC Exploration Corporation - Philippines
  • GAC Shipping (India) Pvt Ltd
  • Essar Steel Hazira Ltd - India
  • IBC Asia (S) Pte Ltd
  • Indonesia Power. PT
  • Rashtriya Ispat Nigam Limited - India
  • Argus Media - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • Africa Commodities Group - South Africa
  • Savvy Resources Ltd - HongKong
  • ING Bank NV - Singapore
  • Directorate Of Revenue Intelligence - India
  • Uttam Galva Steels Limited - India
  • Eastern Energy - Thailand
  • Manunggal Multi Energi - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Berau Coal - Indonesia
  • Arch Coal - USA
  • Mjunction Services Limited - India
  • South Luzon Thermal Energy Corporation
  • SMG Consultants - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Sucofindo - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Bhoruka Overseas - Indonesia
  • MEC Coal - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Sindya Power Generating Company Private Ltd
  • RBS Sempra - UK
  • Georgia Ports Authority, United States
  • Edison Trading Spa - Italy
  • IEA Clean Coal Centre - UK
  • Global Business Power Corporation, Philippines
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • LBH Netherlands Bv - Netherlands
  • Gresik Semen - Indonesia
  • Pinang Coal Indonesia
  • UOB Asia (HK) Ltd
  • Merrill Lynch Commodities Europe
  • Aditya Birla Group - India
  • Malabar Cements Ltd - India
  • Credit Suisse - India
  • CESC Limited - India
  • Oldendorff Carriers - Singapore
  • Gujarat Sidhee Cement - India
  • Banpu Public Company Limited - Thailand
  • Humpuss - Indonesia
  • Mercuria Energy - Indonesia
  • WorleyParsons
  • Attock Cement Pakistan Limited
  • SRK Consulting
  • Star Paper Mills Limited - India
  • Samtan Co., Ltd - South Korea
  • ACC Limited - India
  • Asian Development Bank
  • Gujarat Electricity Regulatory Commission - India
  • Chamber of Mines of South Africa
  • Shree Cement - India
  • KPCL - India
  • globalCOAL - UK
  • Asmin Koalindo Tuhup - Indonesia
  • ETA - Dubai
  • Standard Chartered Bank - UAE
  • Petron Corporation, Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Adaro Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Moodys - Singapore
  • Heidelberg Cement - Germany
  • Jatenergy - Australia
  • Billiton Holdings Pty Ltd - Australia
  • Semirara Mining Corp, Philippines
  • Tanito Harum - Indonesia
  • NALCO India
  • TANGEDCO India
  • Therma Luzon, Inc, Philippines
  • Commonwealth Bank - Australia
  • Geoservices-GeoAssay Lab
  • Sojitz Corporation - Japan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Global Green Power PLC Corporation, Philippines
  • Makarim & Taira - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Sakthi Sugars Limited - India
  • Madhucon Powers Ltd - India
  • Idemitsu - Japan
  • Australian Commodity Traders Exchange
  • San Jose City I Power Corp, Philippines
  • EMO - The Netherlands
  • Ince & co LLP
  • Tata Chemicals Ltd - India
  • Qatrana Cement - Jordan
  • Straits Asia Resources Limited - Singapore
  • Glencore India Pvt. Ltd
  • Platou - Singapore
  • Cebu Energy, Philippines
  • Kumho Petrochemical, South Korea
  • Adani Power Ltd - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • PTC India Limited - India
  • Ministry of Finance - Indonesia
  • Panama Canal Authority
  • Platts
  • Bhatia International Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • CCIC - Indonesia
  • Coal and Oil Company - UAE
  • Parry Sugars Refinery, India
  • TeaM Sual Corporation - Philippines
  • Power Finance Corporation Ltd., India
  • World Bank
  • Sarangani Energy Corporation, Philippines
  • The India Cements Ltd
  • TGV SRAAC LIMITED, India
  • Eastern Coal Council - USA
  • Antam Resourcindo - Indonesia
  • Price Waterhouse Coopers - Russia
  • Gujarat Mineral Development Corp Ltd - India
  • PowerSource Philippines DevCo
  • Permata Bank - Indonesia
  • Inco-Indonesia
  • White Energy Company Limited
  • PLN - Indonesia
  • Intertek Mineral Services - Indonesia
  • New Zealand Coal & Carbon
  • The University of Queensland
  • The State Trading Corporation of India Ltd
  • Baramulti Group, Indonesia
  • JPower - Japan
  • KPMG - USA
  • International Coal Ventures Pvt Ltd - India
  • Maheswari Brothers Coal Limited - India
  • Cement Manufacturers Association - India
  • Posco Energy - South Korea
  • World Coal - UK
  • Wilmar Investment Holdings
  • Infraline Energy - India
  • Surastha Cement
  • McKinsey & Co - India
  • UBS Singapore
  • Cigading International Bulk Terminal - Indonesia
  • GNFC Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Goldman Sachs - Singapore
  • Bhushan Steel Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bangkok Bank PCL
  • Inspectorate - India
  • Ernst & Young Pvt. Ltd.
  • Siam City Cement - Thailand
  • Mitra SK Pvt Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Clarksons - UK
  • IHS Mccloskey Coal Group - USA
  • Indogreen Group - Indonesia
  • Cargill India Pvt Ltd
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • SUEK AG - Indonesia
  • TNPL - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Kobe Steel Ltd - Japan
  • Cosco
  • Bank of America
  • Indonesian Coal Mining Association
  • NTPC Limited - India
  • BRS Brokers - Singapore
  • Tamil Nadu electricity Board
  • Thriveni
  • ANZ Bank - Australia
  • MS Steel International - UAE
  • Reliance Power - India
  • CoalTek, United States
  • Runge Indonesia
  • India Bulls Power Limited - India
  • Riau Bara Harum - Indonesia
  • Core Mineral Indonesia
  • bp singapore
  • Singapore Mercantile Exchange
  • Noble Europe Ltd - UK
  • Marubeni Corporation - India
  • AsiaOL BioFuels Corp., Philippines
  • Orica Australia Pty. Ltd.
  • Mintek Dendrill Indonesia
  • CIMB Investment Bank - Malaysia
  • Vedanta Resources Plc - India
  • Barclays Capital - USA
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • GHCL Limited - India
  • Mercator Lines Limited - India
  • Medco Energi Mining Internasional
  • Chettinad Cement Corporation Ltd - India
  • IMC Shipping - Singapore
  • Vitol - Bahrain
  • Xindia Steels Limited - India
  • Indorama - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Krishnapatnam Port Company Ltd. - India
  • Altura Mining Limited, Indonesia
  • Ind-Barath Power Infra Limited - India
  • Coal India Limited
  • HSBC - Hong Kong
  • Rudhra Energy - India
  • JPMorgan - India
  • Arutmin Indonesia
  • Total Coal South Africa
  • Gupta Coal India Ltd
  • Renaissance Capital - South Africa
  • Coal Orbis AG
  • Neyveli Lignite Corporation Ltd, - India
  • GVK Power & Infra Limited - India
  • Coeclerici Indonesia
  • ASAPP Information Group - India
  • Trasteel International SA, Italy
  • Maruti Cements - India
  • Romanian Commodities Exchange
  • Global Coal Blending Company Limited - Australia
  • Maersk Broker
  • Parliament of New Zealand
  • Japan Coal Energy Center
  • Interocean Group of Companies - India
  • Deutsche Bank - India
  • Siam City Cement PLC, Thailand
  • Australian Coal Association
  • Bulk Trading Sa - Switzerland
  • Leighton Contractors Pty Ltd - Australia
  • Alfred C Toepfer International GmbH - Germany
  • Kartika Selabumi Mining - Indonesia
  • Electricity Authority, New Zealand
  • Kobexindo Tractors - Indoneisa
  • SASOL - South Africa
  • ICICI Bank Limited - India
  • Larsen & Toubro Limited - India
  • GB Group - China
  • Mechel - Russia
  • Central Electricity Authority - India
  • Meralco Power Generation, Philippines
  • Aboitiz Power Corporation - Philippines
  • DBS Bank - Singapore
  • Videocon Industries ltd - India
  • Kideco Jaya Agung - Indonesia
  • APGENCO India
  • Formosa Plastics Group - Taiwan
  • Lafarge - France
  • Simpson Spence & Young - Indonesia
  • Borneo Indobara - Indonesia
  • Bangladesh Power Developement Board
  • Britmindo - Indonesia
  • Shenhua Group - China
  • European Bulk Services B.V. - Netherlands
  • KEPCO - South Korea
  • Jaiprakash Power Ventures ltd
  • Anglo American - United Kingdom
  • Latin American Coal - Colombia
  • Central Java Power - Indonesia
  • Coaltrans Conferences
  • Pipit Mutiara Jaya. PT, Indonesia
  • PLN Batubara - Indonesia
  • Enel Italy
  • Kapuas Tunggal Persada - Indonesia
  • Mitsubishi Corporation
  • Asia Cement - Taiwan
  • Samsung - South Korea
  • Cardiff University - UK
  • Lanco Infratech Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Sree Jayajothi Cements Limited - India
  • CNBM International Corporation - China
  • PetroVietnam Power Coal Import and Supply Company
  • Petrosea - Indonesia
  • Merrill Lynch Bank
  • Jindal Steel & Power Ltd - India
  • Barasentosa Lestari - Indonesia
  • Ministry of Transport, Egypt
  • Wood Mackenzie - Singapore
  • Timah Investasi Mineral - Indoneisa
  • Bukit Baiduri Energy - Indonesia
  • IOL Indonesia
  • J M Baxi & Co - India
  • VISA Power Limited - India
  • Peabody Energy - USA
  • Bank of China, Malaysia
  • Agrawal Coal Company - India
  • Metalloyd Limited - United Kingdom
  • Sical Logistics Limited - India
  • Freeport Indonesia
  • Tata Power - India
  • Energy Development Corp, Philippines
  • Thomson Reuters GRC
  • Rio Tinto Coal - Australia
  • SGS (Thailand) Limited
  • Cemex - Philippines
  • Thermax Limited - India
  • Indo Tambangraya Megah - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • KOWEPO - South Korea
  • Dalmia Cement Bharat India
  • Pendopo Energi Batubara - Indonesia
  • The Treasury - Australian Government
  • Salva Resources Pvt Ltd - India
  • Indian School of Mines
  • Indika Energy - Indonesia
  • Port Waratah Coal Services - Australia
  • Carbofer General Trading SA - India
  • PetroVietnam
  • Economic Council, Georgia
  • Malco - India
  • U S Energy Resources
  • Xstrata Coal
  • Coalindo Energy - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • EIA - United States
  • Bharathi Cement Corporation - India
  • Minerals Council of Australia
  • Maybank - Singapore
  • Energy Link Ltd, New Zealand
  • London Commodity Brokers - England
  • Binh Thuan Hamico - Vietnam
  • Russian Coal LLC
  • OCBC - Singapore
  • Deloitte Consulting - India
  • Mitsui
  • GMR Energy Limited - India
  • Electricity Generating Authority of Thailand
  • Grasim Industreis Ltd - India
  • Coastal Gujarat Power Limited - India
  • Planning Commission, India
  • Indian Energy Exchange, India
  • Vizag Seaport Private Limited - India
  • SMC Global Power, Philippines
  • Ministry of Mines - Canada
  • TNB Fuel Sdn Bhd - Malaysia