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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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Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
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- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
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