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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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Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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