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Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more than 30 million tonne (mt) capacity within the current financial year, as reported by DNA India
The company plans to invest $100-150 million for the acquisition. The mine will be larger than Mercator’s existing coal mine in Mozambique which has a capacity of 10 mt.
“The company is very aggressively looking at a relatively bigger mine and sure to close the deal during this financial year. It is very bullish on its coal mining business in Indonesia,” said a Mercator Lines official.
Its coal production has increased from 0.3 million metric tonne (mmt) in fiscal 2009 to 0.7 mmt in fiscal 2010 from existing coal mines in Indonesia. At present, Mercator Lines has four coal mines—three in Indonesia and one in Mozambique. The Indonesian mines have reserves of up to 21 mt.
Analyst, too, are bullish on the company’s coal business. According to Antique Stock Broking’s research note, “The cyclicality in earnings is expected to reduce significantly with increased revenue from new seven-year offshore contract ($92,000 per day) starting in the third quarter of the current fiscal and growth in coal business.”
Source: DNA India
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Sunday, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR
WISH YOU ALL HAPPY NEW YEAR
COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almos ...
Saturday, 05 January 13
THE SHIPPING MARKET IN 2012 AND LOOKING FORWARD - BIMCO
Global Economy: Things will go up from here
The global economy continues to grow, albeit at a slower pace than previous years. The slower economic ...
Friday, 04 January 13
DRY BULK MARKET LOOKING FOR DIRECTION IN FIRST TRADING DAYS OF THE NEW YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is actively looking for its footing at the start of the New Year, as charters have been scarce, as is usually the case during th ...
Thursday, 03 January 13
INDONESIAN SUB-BITUMINOUS COAL SWAPS CLOSED US$ 6.86 HIGHER FOR 2014 DELIVERY
COALspot.com - Swaps prices were changed positively for thermal coal for loading in the first quarter from Indonesia, according to SGX AsiaClear OTC ...
Thursday, 03 January 13
SUPRMAX FREIGHT RATE FROM RED SEA / INDIA IS AROUND MID TEENS - FEARNLEYS
Fearnleys in its weekly report said that, Indian market was very quiet in respect of export of iron ore. For Indo-India trip Supra rate was hovering ...
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- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
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