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Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
 Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input costs due to an 11 per cent increase in coal price by state-owned Coal India (CIL).
Leading players such as ACC, Ambuja Cements, J K Cement and Shree Cement are unlikely to pass on the burden of increased coal price to consumers as the firms are leaving the rates to be decided by 'market forces'. Cement manufacturers depend heavily on coal to power their plants.
"There is no chance of a price increase right now. It will depend on the movement of the market...But because of the move (by CIL), cost of cement production will go up by about 5 per cent," Cement Manufacturers Association President H M Bangur told PTI.
Bangur, who is also the managing director of Shree Cement, however, added that the companies have to decide whether this burden will be passed on to consumers or be absorbed.
The country's largest cement producer ACC said the industry is not a "cost plus" one and prices that the players can realise from the market depend on demand-supply scenario.
"Our ability to pass on such administered cost increase do not depend on our wish to do so, but on market realities," ACC Managing Director Sumit Banerjee said.
He said if at all there is a price increase, it cannot be the same across the country, but will vary from town to town and district to district.
ACC requires about 4.5 million tonnes of coal every year, of which about 55 per cent are linkage coal procured from public sector coal firms, he said adding that CIL's move to increase coal prices may also lead to a surge in the rates of the fuel in open market.
Ambuja Cements also said cement prices are unlikely to be revised upward as demand has fallen, mainly on account of heavy rains at many places last month.
"Prices are declining in South after heavy rains in Andhra Pradesh, Karnataka and other states. It is under pressure in Uttar Pradesh... Also people do not undertake construction activities during festive season...There is slump in demand," Ambuja Cements Managing Director A L Kapur said.
The firm procures 40-50 per cent of its coal requirements from CIL.
J K Cement Group Executive President R G Bagla said the company is unlikely to hike the rates at present as price movement is dependent on market forces.
After a gap of two years, CIL had hiked coal prices by an average 11 per cent last week.
Source: Business-Standard
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Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
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- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
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- Goldman Sachs - Singapore
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- Petron Corporation, Philippines
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- Bhatia International Limited - India
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- Central Electricity Authority - India
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- AsiaOL BioFuels Corp., Philippines
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- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
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- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
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- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
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- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Australian Coal Association
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- Vijayanagar Sugar Pvt Ltd - India
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- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
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- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
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- CIMB Investment Bank - Malaysia
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- Standard Chartered Bank - UAE
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- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- The University of Queensland
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- Australian Commodity Traders Exchange
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- Parliament of New Zealand
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- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
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- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
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- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
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- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
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