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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
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Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
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- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
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- Lanco Infratech Ltd - India
- Australian Coal Association
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
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- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
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- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
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- Posco Energy - South Korea
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- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
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- Mintek Dendrill Indonesia
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- Energy Development Corp, Philippines
- Planning Commission, India
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- Miang Besar Coal Terminal - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
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- Minerals Council of Australia
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- Indian Oil Corporation Limited
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- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
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- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
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- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
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- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
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- Mjunction Services Limited - India
- GMR Energy Limited - India
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- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- The Treasury - Australian Government
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- The University of Queensland
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- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
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- Economic Council, Georgia
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- Bhushan Steel Limited - India
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- Aboitiz Power Corporation - Philippines
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- Agrawal Coal Company - India
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- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
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- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
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- Price Waterhouse Coopers - Russia
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- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
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