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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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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
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- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
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