We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
|
|
|
Showing 6321 to 6325 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
|
| |
| |
|
