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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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Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
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- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Australian Coal Association
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
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