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Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and South Africa.
The public sector company is also looking at setting up ultra mega power projects along the coast near here while scrapping its Orissa project and giving up nuclear and hydel power ambitions, said a top company official.
“We are exploring the possibilities of acquiring coal mines in Indonesia and South Africa so that we can set up thermal power plants along the coast and need not wait for coal linkages,” chairman and managing director A.R. Ansari told reporters here.
He said a 2.5 million tonnes per annum (mtpa) coal mine would cost around Rs.400 crore (US$ 86.067 million).
According to him, the company is not pursuing plans for nuclear power and a thermal power project in Orissa. It is now interested in setting up ultra mega thermal power projects.
“Nuclear power projects in India take inordinate time to complete, for example the Kudankulam power project. The response of the Orissa government to set up a power project there is very lukewarm and hence that plan may not take off,” he added.
He said the company is interested in setting up a 2,000 MW thermal power project along the Tamil Nadu coast - between Tuticorin and Chennai and also a 4,000 MW project at Cheyyar near here.
Ansari said a memorandum of understanding (MOU) with the Uttar Pradesh government is likely to be signed for setting up of a 2,000 MW thermal plant at Kanpur.
“Our idea is to increase the mining capacity to 79.85 mpta (lignite and coal) and power generation to 13,790 MW by the end of XII Plan period.
Ansari said one unit of 2×250 MW project in Neyveli will be commissioned this year and the second unit next March.
The company closed last fiscal with a turnover of Rs.4,121.03 crore (US$ 886.719) and a net profit of Rs.1,247.46 crore (US$ 268.415) as against Rs.3,354.91 crore (US$ 721.874 million) turnover and Rs.821.09 crore (US$ 176.673) net posted in 2008-09.(1 INR = 0.0215169 USD)
Source: Business News
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Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
Tuesday, 27 April 10
S.KOREA EWP SEEKS 0.520 MILLION TONS OF SUB-BITUMINOUS COAL
COALspot.com: South Korea East West Power Company has called for term bids for supply of Sub-bituminous Coal for Dangjin Thermal Power Pla ...
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- Heidelberg Cement - Germany
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- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
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- Ministry of Finance - Indonesia
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- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- CNBM International Corporation - China
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- European Bulk Services B.V. - Netherlands
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- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
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- Indian Oil Corporation Limited
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- SN Aboitiz Power Inc, Philippines
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- London Commodity Brokers - England
- Minerals Council of Australia
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- Global Business Power Corporation, Philippines
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- Sical Logistics Limited - India
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- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
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- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
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- IEA Clean Coal Centre - UK
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- The University of Queensland
- Chamber of Mines of South Africa
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- PNOC Exploration Corporation - Philippines
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- Xindia Steels Limited - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
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- Indogreen Group - Indonesia
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- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Australian Coal Association
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
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- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
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- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- SMG Consultants - Indonesia
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- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
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- Kepco SPC Power Corporation, Philippines
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- Karaikal Port Pvt Ltd - India
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- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
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- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
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