COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES


Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reserve of 12-13 million tonnes of A- and B-grade high quality coal. The company was allowed to charge import-linked price for superior grade coal in October.

Eastern Coalfields Ltd, which has the country's largest reserve of 11 million tonnes of superior coal having highest energy value and low sulphur content, recently entered into MoUs with four West Bengal-based power producers to sell the underground production of 5 million tonnes of A- and B- grade coal at an import-linked price of Rs 3,500-3,700 (US$ 74.82 - 79.10)  a tonne. The four power producers are CESC Ltd, West Bengal Power Development Corporation Ltd, Durgapur Projects Ltd and Damodar Valley Corporation.

The landed price to the producers will include 25 per cent cess and Rs 6 (US$ 0.12 ) a tonne of royalty collected by the West Bengal Government plus freight. Till the coal price hike in October, the notified price of A- and B- grade coal at pit head was Rs 1,700-1,800 (US$ 36.34 - 38.48) a tonne.

According to an industry source, the price of similar grade Australian coal (of over 6,000 Kcal/kg of gross calorific value) is approximately $65 a tonne on FOB basis. After inclusion of $25 a tonne of ocean freight cost, the landed price of similar imported coal is Rs 4,500 (US$ 96.17) a tonne at today's exchange rate.

“We are yet to devise a finer mechanism for charging import-linked price and have priced our underground production of superior coal at 15-16 per cent lower than the landed cost of imported coal.

However, we are charging the notified price (Rs 2,200-2,300 (US$ 47 - 49.15) a tonne) open cast production of A- and B-grade coal.

The weighted average of price of the coal on million Kcal basis works out to be approximately 50 per cent cheaper than the imported coal,” a CIL official said.

According to him, following introduction of import-linked price ECL's underground operations may break-even beginning this fiscal.

Apart from ECL, South Eastern Coalfields Ltd has small quantities of A- and B-grade coal reserves. However the company is yet to charge import-linked prices. (1 USD = 46.7942 INR)
Source: Business Line



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct * Sees opportunities for overseas acquisitions Indonesian state-owned coal miner Bukit Asam saw 2009 ...


Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...


Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...


Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants The bo ...


Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...


   1206 1207 1208 1209 1210   
Showing 6036 to 6040 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Electricity Generating Authority of Thailand
  • Coalindo Energy - Indonesia
  • Thriveni
  • Pipit Mutiara Jaya. PT, Indonesia
  • TNPL - India
  • Noble Europe Ltd - UK
  • UBS Singapore
  • IBC Asia (S) Pte Ltd
  • Fearnleys - India
  • Indogreen Group - Indonesia
  • Georgia Ports Authority, United States
  • Cigading International Bulk Terminal - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Gupta Coal India Ltd
  • Kideco Jaya Agung - Indonesia
  • Videocon Industries ltd - India
  • KPCL - India
  • Indonesian Coal Mining Association
  • Total Coal South Africa
  • SN Aboitiz Power Inc, Philippines
  • Inspectorate - India
  • White Energy Company Limited
  • Russian Coal LLC
  • McConnell Dowell - Australia
  • Heidelberg Cement - Germany
  • Larsen & Toubro Limited - India
  • PLN - Indonesia
  • Arutmin Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Orica Mining Services - Indonesia
  • TRAFIGURA, South Korea
  • Bhushan Steel Limited - India
  • ASAPP Information Group - India
  • Binh Thuan Hamico - Vietnam
  • Coal India Limited
  • NTPC Limited - India
  • U S Energy Resources
  • Sakthi Sugars Limited - India
  • Toyota Tsusho Corporation, Japan
  • Mitsubishi Corporation
  • Romanian Commodities Exchange
  • Idemitsu - Japan
  • Africa Commodities Group - South Africa
  • Interocean Group of Companies - India
  • Uttam Galva Steels Limited - India
  • Lafarge - France
  • Adani Power Ltd - India
  • CNBM International Corporation - China
  • Makarim & Taira - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Humpuss - Indonesia
  • Baramulti Group, Indonesia
  • Sojitz Corporation - Japan
  • Asmin Koalindo Tuhup - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Thermax Limited - India
  • SUEK AG - Indonesia
  • Power Finance Corporation Ltd., India
  • RBS Sempra - UK
  • London Commodity Brokers - England
  • Banpu Public Company Limited - Thailand
  • Price Waterhouse Coopers - Russia
  • Australian Commodity Traders Exchange
  • Indian Energy Exchange, India
  • AsiaOL BioFuels Corp., Philippines
  • Global Green Power PLC Corporation, Philippines
  • Peabody Energy - USA
  • Mechel - Russia
  • Planning Commission, India
  • Salva Resources Pvt Ltd - India
  • Xstrata Coal
  • Malco - India
  • Oldendorff Carriers - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Enel Italy
  • BRS Brokers - Singapore
  • CESC Limited - India
  • HSBC - Hong Kong
  • San Jose City I Power Corp, Philippines
  • Rudhra Energy - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Eastern Energy - Thailand
  • Siam City Cement - Thailand
  • Maharashtra Electricity Regulatory Commission - India
  • Mjunction Services Limited - India
  • Japan Coal Energy Center
  • APGENCO India
  • Grasim Industreis Ltd - India
  • Vitol - Bahrain
  • Lanco Infratech Ltd - India
  • Rio Tinto Coal - Australia
  • CIMB Investment Bank - Malaysia
  • DBS Bank - Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Ministry of Transport, Egypt
  • Mitra SK Pvt Ltd - India
  • Ind-Barath Power Infra Limited - India
  • Ernst & Young Pvt. Ltd.
  • Merrill Lynch Commodities Europe
  • Freeport Indonesia
  • Geoservices-GeoAssay Lab
  • Metalloyd Limited - United Kingdom
  • Gujarat Mineral Development Corp Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Alfred C Toepfer International GmbH - Germany
  • Leighton Contractors Pty Ltd - Australia
  • Port Waratah Coal Services - Australia
  • Bahari Cakrawala Sebuku - Indonesia
  • Sucofindo - Indonesia
  • Trasteel International SA, Italy
  • Bank of China, Malaysia
  • Neyveli Lignite Corporation Ltd, - India
  • Posco Energy - South Korea
  • Pinang Coal Indonesia
  • Kaltim Prima Coal - Indonesia
  • Coal Orbis AG
  • EIA - United States
  • Latin American Coal - Colombia
  • Mintek Dendrill Indonesia
  • NALCO India
  • Bulk Trading Sa - Switzerland
  • Goldman Sachs - Singapore
  • Berau Coal - Indonesia
  • Essar Steel Hazira Ltd - India
  • Indorama - Singapore
  • India Bulls Power Limited - India
  • The State Trading Corporation of India Ltd
  • Cardiff University - UK
  • UOB Asia (HK) Ltd
  • KEPCO - South Korea
  • Arch Coal - USA
  • Runge Indonesia
  • The Treasury - Australian Government
  • Indian Oil Corporation Limited
  • Clarksons - UK
  • Riau Bara Harum - Indonesia
  • Qatrana Cement - Jordan
  • Wilmar Investment Holdings
  • Orica Australia Pty. Ltd.
  • Tata Power - India
  • Ministry of Finance - Indonesia
  • JPMorgan - India
  • Coeclerici Indonesia
  • Altura Mining Limited, Indonesia
  • Edison Trading Spa - Italy
  • Miang Besar Coal Terminal - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Minerals Council of Australia
  • Kumho Petrochemical, South Korea
  • BNP Paribas - Singapore
  • ACC Limited - India
  • Bhatia International Limited - India
  • Standard Chartered Bank - UAE
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Shree Cement - India
  • Mercator Lines Limited - India
  • Parliament of New Zealand
  • Ince & co LLP
  • Mitsui
  • Tata Chemicals Ltd - India
  • Bangkok Bank PCL
  • ETA - Dubai
  • Australian Coal Association
  • Bukit Makmur.PT - Indonesia
  • Madhucon Powers Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Coastal Gujarat Power Limited - India
  • Deloitte Consulting - India
  • OCBC - Singapore
  • Coal and Oil Company - UAE
  • KOWEPO - South Korea
  • Cosco
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Sinarmas Energy and Mining - Indonesia
  • Jaiprakash Power Ventures ltd
  • LBH Netherlands Bv - Netherlands
  • Bharathi Cement Corporation - India
  • Manunggal Multi Energi - Indonesia
  • PNOC Exploration Corporation - Philippines
  • IOL Indonesia
  • Cebu Energy, Philippines
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Merrill Lynch Bank
  • WorleyParsons
  • Attock Cement Pakistan Limited
  • Malabar Cements Ltd - India
  • Cemex - Philippines
  • Straits Asia Resources Limited - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Carbofer General Trading SA - India
  • Inco-Indonesia
  • Gresik Semen - Indonesia
  • Glencore India Pvt. Ltd
  • J M Baxi & Co - India
  • Infraline Energy - India
  • VISA Power Limited - India
  • Moodys - Singapore
  • Platou - Singapore
  • SRK Consulting
  • Renaissance Capital - South Africa
  • Commonwealth Bank - Australia
  • Economic Council, Georgia
  • The University of Queensland
  • ING Bank NV - Singapore
  • Shenhua Group - China
  • Maybank - Singapore
  • Karaikal Port Pvt Ltd - India
  • Asia Cement - Taiwan
  • OPG Power Generation Pvt Ltd - India
  • MEC Coal - Indonesia
  • Bangladesh Power Developement Board
  • Aboitiz Power Corporation - Philippines
  • Eastern Coal Council - USA
  • Deutsche Bank - India
  • Platts
  • ICICI Bank Limited - India
  • Cargill India Pvt Ltd
  • Ambuja Cements Ltd - India
  • GMR Energy Limited - India
  • Marubeni Corporation - India
  • Ministry of Mines - Canada
  • Indo Tambangraya Megah - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Directorate General of MIneral and Coal - Indonesia
  • Surastha Cement
  • SASOL - South Africa
  • Barclays Capital - USA
  • Dalmia Cement Bharat India
  • PowerSource Philippines DevCo
  • Intertek Mineral Services - Indonesia
  • Core Mineral Indonesia
  • Bhoruka Overseas - Indonesia
  • SGS (Thailand) Limited
  • Global Coal Blending Company Limited - Australia
  • Kalimantan Lumbung Energi - Indonesia
  • Panama Canal Authority
  • Anglo American - United Kingdom
  • Chamber of Mines of South Africa
  • Vale Mozambique
  • Semirara Mining Corp, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Jindal Steel & Power Ltd - India
  • McKinsey & Co - India
  • Electricity Authority, New Zealand
  • Directorate Of Revenue Intelligence - India
  • JPower - Japan
  • SMC Global Power, Philippines
  • GB Group - China
  • KPMG - USA
  • TeaM Sual Corporation - Philippines
  • Vizag Seaport Private Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Petrosea - Indonesia
  • Independent Power Producers Association of India
  • Kapuas Tunggal Persada - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Kepco SPC Power Corporation, Philippines
  • IHS Mccloskey Coal Group - USA
  • Meralco Power Generation, Philippines
  • Mercuria Energy - Indonesia
  • Singapore Mercantile Exchange
  • Indika Energy - Indonesia
  • Central Electricity Authority - India
  • Savvy Resources Ltd - HongKong
  • Thiess Contractors Indonesia
  • GVK Power & Infra Limited - India
  • Therma Luzon, Inc, Philippines
  • South Luzon Thermal Energy Corporation
  • Coaltrans Conferences
  • Vijayanagar Sugar Pvt Ltd - India
  • Thai Mozambique Logistica
  • Central Java Power - Indonesia
  • Formosa Plastics Group - Taiwan
  • globalCOAL - UK
  • Bukit Baiduri Energy - Indonesia
  • Star Paper Mills Limited - India
  • Kobexindo Tractors - Indoneisa
  • Xindia Steels Limited - India
  • Thomson Reuters GRC
  • Tanito Harum - Indonesia
  • Tamil Nadu electricity Board
  • Energy Development Corp, Philippines
  • SMG Consultants - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • IEA Clean Coal Centre - UK
  • CoalTek, United States
  • Globalindo Alam Lestari - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • CCIC - Indonesia
  • TANGEDCO India
  • IMC Shipping - Singapore
  • Global Business Power Corporation, Philippines
  • Thailand Anthracite
  • Sree Jayajothi Cements Limited - India
  • ANZ Bank - Australia
  • Agrawal Coal Company - India
  • Gujarat Sidhee Cement - India
  • Karbindo Abesyapradhi - Indoneisa
  • Permata Bank - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Credit Suisse - India
  • Energy Link Ltd, New Zealand
  • Bank of America
  • Reliance Power - India
  • Maersk Broker
  • GNFC Limited - India
  • Medco Energi Mining Internasional
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Barasentosa Lestari - Indonesia
  • PetroVietnam
  • Jatenergy - Australia
  • Samtan Co., Ltd - South Korea
  • Adaro Indonesia
  • PTC India Limited - India
  • PLN Batubara - Indonesia
  • bp singapore
  • Wood Mackenzie - Singapore
  • Vedanta Resources Plc - India
  • Antam Resourcindo - Indonesia
  • TGV SRAAC LIMITED, India
  • Sindya Power Generating Company Private Ltd
  • Samsung - South Korea
  • World Bank
  • Siam City Cement PLC, Thailand
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Borneo Indobara - Indonesia
  • World Coal - UK
  • Asian Development Bank
  • Simpson Spence & Young - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Maruti Cements - India
  • Argus Media - Singapore
  • European Bulk Services B.V. - Netherlands
  • Indonesia Power. PT
  • Sical Logistics Limited - India
  • Aditya Birla Group - India
  • Chettinad Cement Corporation Ltd - India
  • Indian School of Mines
  • MS Steel International - UAE
  • Britmindo - Indonesia
  • EMO - The Netherlands
  • International Coal Ventures Pvt Ltd - India
  • The India Cements Ltd
  • Pendopo Energi Batubara - Indonesia
  • Kobe Steel Ltd - Japan
  • New Zealand Coal & Carbon
  • Cement Manufacturers Association - India
  • Petron Corporation, Philippines
  • Parry Sugars Refinery, India
  • TNB Fuel Sdn Bhd - Malaysia
  • GHCL Limited - India