We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and the hike could be effected “very soon” as discussions are underway with stakeholders.
Agrawal also said he is confident the mining behemoth would achieve its production target of 1 billion tonnes by 2025-26 (FY26).
“There is a strong case for increasing coal prices, as that has not happened in the past five-odd years. This year, the wage negotiation has taken place as well. This will have an impact on CIL’s financial condition, especially for a few subsidiaries like Eastern Coalfields, Western Coalfields, and Bharat Coking Coal where the cost of manpower is very high. There will be a lot of problems if prices are not hiked,” Agrawal said at the Indian Coal Markets Conference here organised by mjunction.
The last price hike by the state-owned miner was in January 2018 — it was a little over 10 per cent.
“It is such a critical thing for the economic development of the country that it cannot be increased unilaterally,” he, however, added.
Asked when a final decision was likely, B Veera Reddy, director (technical) and director (finance)-additional charge, CIL, said, “There are a lot of stakeholders and the power ministry… we need to reach a consensus. We are in discussions with the Ministry of Coal.”
Even as it weighs in on the possibility of a price hike, CIL is stepping up production.
This year, it is on course to achieve 700 million tonnes (mt).
The target for next year is being kept at 780 mt. The additional 80 mt for next year is a “stiff target”, but CIL is committed to meeting the requirements of the nation. By FY26, it will reach the 1-billion tonne production target.
But it will hinge on factors like the need of the country and the growth of the private sector, said Agrawal.
“If not 1 billion (tonne), I am hopeful that the requirement would be in that range because our coal is one of the cheapest in the world,” he added.
Captive/commercial coal mine
The country is eyeing increased production from mines auctioned for captive and commercial use. Joining the conference virtually, Coal Secretary Amrit Lal Meena said this year, the share of captive/commercial would be 15 per cent of total coal production of the country.
Last year, production was 89 mt. This year, it is likely to be 112 mt. “In the next two to three years, we are hopeful that commercial and captive mines will increase production,” said Meena.
The target for 2023-24 from captive/commercial is 161 mt.
He said the ministry is working on a strategy to enhance the production of coal, so that not just the power sector but all other sectors of the economy have adequate coal and possibly think about exports.
Source: Business Standard
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
|
|
|
Showing 116 to 120 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
|
| |
| |
|
