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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 ($92,000 per day) starting in the third quarter of the current fiscal and growth in coal business.”
Source: DNA India
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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- MS Steel International - UAE
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Planning Commission, India
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
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