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Friday, 11 October 19
INDIAN MINERS REJECT PLAN TO LINK NATIONAL COAL INDEX TO FOREIGN PRICES - REUTERS
 India’s miners are rejecting a government proposal to establish a national coal index that would be linked to international prices, documents reviewed by Reuters show, because it could make domestic supply uncompetitive.
India’s government is creating a coal price index as part of its plans to open the coal sector to outside investment and end state-run Coal India’s control over prices. The country plans to invite bids from global firms for coal mining blocks by the end of 2019.
A government panel has proposed one index that would link directly to foreign indexes, such as in Indonesia and Australia and a second proposal that measures the value and volume of all coal transactions, including imports, and compares them to a base period, government documents reviewed by Reuters showed.
Local coal prices would likely rise as a result of either proposed index, reducing the competitiveness of local supply, which typically has a lower heat content, to imports.
The Federation of Indian Mineral Industries (FIMI), which counts Rio Tinto’s India unit and India’s Adani Enterprises among members, objected to both plans in a Aug. 23 letter to the Ministry of Coal that was reviewed by Reuters.
FIMI argued instead that the government should base prices only on Coal India’s fuel supply agreements and e-auctions.
“The weightage of lower grades accounts for almost 70% of total (Indian) production. Contrary to this, global indexes are based on higher gross calorific value coals,” FIMI said.
India’s coal ministry declined to comment on details about the index and when it plans to release it.
“Indian coal market has not matured enough to be linked with such indexes. Indian coal is still suffering badly with quality issues at mines, prices are offered ex-mine unlike global indexes,” FIMI said.
Coal is among the top five commodities imported by India. Shipments are surging after the government failed to open the industry to competition, despite passing a liberalization policy 19 months ago.
FIMI argued that India should have a separate index for coking coal, used in steel mills.
But a future index should not look like Indonesia’s, which factors in various indices including the export index from Newcastle, Australia, as Indonesia is the world’s largest exporter, while India would forever remain an importer, FIMI said.
Source: Reuters
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Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
Saturday, 28 December 19
SUPRAMAX: A 63,000DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing ...
Saturday, 28 December 19
CHINESE INDUSTRIAL CITY TO FURTHER CUT COAL CONSUMPTION - XINHUA
Harbin, capital city of Heilongjiang Province in China’s northeastern industrial heartland, is planning to further reduce its coal consumptio ...
Friday, 27 December 19
MISERY LOOMS OVER TOP COAL SHIPPERS AS CHINA TO BUY LESS IN 2020 BLOOMBERG
China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.
The world ...
Thursday, 26 December 19
REVIEW OF 2019 AND OUTLOOK FOR 2020 - OPEC
Global economic growth slowed in 2019, impacted by a variety of challenges. Trade issues not only led to reduction in global final consumption but ...
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Showing 1221 to 1225 news of total 6871 |
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- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
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