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Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
 Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 million metric tons of steaming coal in the year starting April 1, its biggest import so far.
“So far we’ve been doing fixed price contracts for coal where we’d buy at one price for the whole year,” Subrat Ratho, the utility’s managing director, said in a telephone interview. “From this tender onward, we will be buying at prices linked to global coal prices.”
Indian state-run generators, especially those located along the coasts, are expected to import more coal this year on directions from the Ministry of Power as it seeks to cut electricity shortages of as high as 13 percent. India’s thermal coal imports surged last year to about 60 million tons from about 30 million tons in 2008, Macquarie Group said this month.
The steam coal tender may feed the Mumbai-based company’s power plants in Nasik, Bhusawal, Khaparkheda, Parli and Chandrapur, according to a tender notice sent to traders this week. The bids are due on April 13. There will be two parts to the bid, one to evaluate the selling company’s capability and the other for the price.
Mahagenco, as the company is known, plans to import 3.35 million tons of power plant coal in the year starting April 1, 40 percent more than 2.4 million tons in the year ending March 31, Ratho said.
“We would like to import as little as we can because overseas coal is six-times more expensive than Indian coal,” Ratho said. “But it appears the Ministry of Power has made an assessment of how much coal the domestic companies will be able to supply to various states and have given us this target.”
Power-station coal prices at Newcastle, an Asian benchmark, rose 1.2 percent last week, according to the globalCOAL NEWCIndex. Prices gained $1.12 to $95.04 a ton in the week ended March 19.
State-owned Mahagenco operates plants with a total installed capacity of 9,996 megawatts of hydroelectric, thermal and hydro plants, according to the Web site.
Source: Bloomberg ( By Archana Chaudhary, Dinakar Sethuraman)
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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
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- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
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- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
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- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Indian Oil Corporation Limited
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- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
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- Sojitz Corporation - Japan
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- Trasteel International SA, Italy
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- Bayan Resources Tbk. - Indonesia
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- Indian Energy Exchange, India
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- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
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- Siam City Cement PLC, Thailand
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- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
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- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
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- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
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- Medco Energi Mining Internasional
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- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
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- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
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- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- White Energy Company Limited
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- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
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- Romanian Commodities Exchange
- Planning Commission, India
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- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Australian Coal Association
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- Electricity Authority, New Zealand
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- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
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- Indo Tambangraya Megah - Indonesia
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- Indogreen Group - Indonesia
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- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
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- Kohat Cement Company Ltd. - Pakistan
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- Jorong Barutama Greston.PT - Indonesia
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- Wilmar Investment Holdings
- Independent Power Producers Association of India
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