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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, 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 ...
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- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
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- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
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