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Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
 The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the country to utilise excess coal.
"We may set up power plants if stockpiles keep on rising. Currently, stockpiles stands at 53 mn tonnes," CIL Chairman P S Bhattacharyya told reporters on the sidelines of a coal summit organised by mjunction services, a 50:50 JV between Tata Steel and SAIL for e-commerce.
Coal India, which is going to launch its IPO in the second half of October, is already in pact with state-owned NTPC to set up two 2,000 MW power plants in Jharkhand.
"The inventory is rising mainly due to shortage of railway wagons," Bhattacharyya added. Coal India generally needs 205-210 wagons a day. But, the firm had previously said that on an average it was getting merely 170 wagons a day.
In the last fiscal, the 100 per cent government-owned firm produced 431.5 million tonnes of coal meeting the requirement of use industries like power. The Centre is diluting its 10 per cent stake in the upcoming IPO, which is expected to raise Rs 12,000-15,000 crore.
To meet the rising coal requirement of power major NTPC, Coal India said it will soon come out with a tender to import the raw material for the power PSU.
"We will float the tender in next few months to import six million tonnes of coal for NTPC," Bhattacharyya added. The country's overall coal output during 2009-10 stood at about 532 million tonnes while consumption was over 600 million tonnes.
To meet the rising demand of coal, CIL is looking at forming joint ventures with global mining companies, taking equity in the mining projects and sourcing coal from such firms.
"Coal India has already shortlisted three global firms for a possible partnership," Bhattacharyya added.
It is learnt that US-based firms Massey Energy and Peabody Energy, besides Indonesian Novem/Sinarma, have been shortlisted for a possible partnership either through JV or equity infusion.
Bhattacharyya also said that the company is investing in projects to wash coal to increase its calorific value. CIL plans to commission 20 washeries with a capacity to wash 111 million tonnes of fuel by 2015 at an investment of Rs 4,000 crore.
"Prices of washed coal will go up. Average price of our coal is $20 a tonne. Washing would escalate its cost to USD 26-27 a tonne," he said. Prices of international coal, with higher calorific value, starts from $45 a tonne.
Source: The Economic Times
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Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
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