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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
 DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel’s port in Visakhapatnam.
Partha Bhattacharya, chairman, CIL, said the company will look to go in for joint venture or acquire parts of existing ports rather than setting up its own.
“We are more or less close to signing a deal with Vizag Steel to start with. RIL/RINL has moved out of Vizag Steel so that space has been offered to us and we have accepted it for our imports. Compensation needs to be discussed. A 4-5 million tonne capacity would be available to us at any point in time,” he said.
CIL has started talks with other ports, including Gangavaram, Dhamra, Krishnapattanam, and Kandla. DNA had reported on September 30, 2009 that CIL is looking at tying up with ports.
CIL is also looking at coal-bed methane and coal mine gasification projects, though Bhattacharya said the water contamination problem was a concern.
“As long as there is no definite solution (to the water contamination problem) we can’t risk it because we don’t have coal in barren places. But if there is any technology evolving anywhere in the world, we will take it. We are seriously looking at underground coal gasification projects,” he said.
Meanwhile, a CIL delegation will be visiting US-based Peabody Energy to close a deal that will give the Indian firm a stake in four Australian coal mines along with other overseas assets.
“We are going to tie up with them for certain amount of production for a ten year period. I believe they are ramping up to somewhere around 16-17 million tonne in four- five years and they remain at that level… that is the offer. Our participation would be in the equity stake with this offtake agreement and at a price substantially lower than the spot prices,” Bhattacharya said.
However, the deal with Rio Tinto in Australia seems a bit far off. “Rio Tinto was not really a subscriber to our theory. They are growing fairly fast and are looking at the export market. They are talking about a mutually beneficial joint venture, which we will look at. Primarily we want to bring coal faster into the country at clearly distinctly advantageous terms than spot imports. We will look at Rio later.”
But CIL’s surface-based coal gasification project with RCF and GAIL India is still in the pipeline, Bhattacharya asserted. A senior CIL official had earlier said that the coal block allotted for the same project had been given back.
“I wouldn’t say it has not taken off… Actually GAIL is doing the studies now. That gas will be converted into ammonium nitrate and urea. Ammonium nitrate is a feedstock for our explosives. Gail is the nodal agency for this and they were supposed to get a study done and technology feed and that’s on. The minister for fertilisers was very keen and he took a meeting on that. The project is very much on course.”
CIL is also undertaking ventilation air methane projects for which a tender has been floated. “It is a very interesting project. The exhaust air from gassy mines contains high amounts of methane, which is pushed into the atmosphere. This gas is 21 times more potent than carbon di oxide. If we can do something to absorb that methane, and it would be a CBM technology, it will earn us carbon credits.”
Source: DNA India (Reported By: Pooja Sarkar)
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Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
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- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
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- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
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- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
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- MS Steel International - UAE
- Indogreen Group - Indonesia
- Economic Council, Georgia
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- European Bulk Services B.V. - Netherlands
- Planning Commission, India
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- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
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- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
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- Indian Energy Exchange, India
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- Xindia Steels Limited - India
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- Leighton Contractors Pty Ltd - Australia
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- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
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- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
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- Neyveli Lignite Corporation Ltd, - India
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- Parry Sugars Refinery, India
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- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Romanian Commodities Exchange
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- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
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- Mercator Lines Limited - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
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- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
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- Power Finance Corporation Ltd., India
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- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
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