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Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective from Oct 16, the company said here Thursday.
‘Such increase is being effected after a gap of almost two years. The last price revision took place on December 13, 2007,’ Coal India said in a statement.
The basic price of ROM (run-of-mine) coal for Eastern Coalfields and Bharat Coking Coal has increased by 15 percent whereas the coal produced by all other subsidiary companies will be dearer by 10 percent, it said.
The other subsidiaries of CIL are Mahanadi Coalfields, Western Coalfields, South Eastern Coalfields, Northern Coalfields, Central Coalfields and North Eastern Coalfields.
‘Further, Eastern Coalfields is authorised to set a special price for its high quality A and B grades of Raniganj coal, available in limited quantity, at a level commensurate with price of imported coal,’ the company added.
Coal India said there had been ’substantial increase’ in the cost of inputs since last price revision.
‘After the deregulation of coal price, during the last nine years the coal price in fact has effectively declined by 1.1 percent per annum, in real terms, after absorbing for inflation.’
Source: Trak
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Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
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