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Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
 DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly double the production at its Indonesian coal mine to 2 million tonnes per annum (mtpa), said chief operating officer Rishabh Sethi.
The production this fiscal will be short of the targeted 1 million tonnes (mt), he said, adding, “Our plan is to increase it to 1.5-2 million tonnes in two years.”
The maximum production at the PT Bism mine in the East Kalimantan province is 3 mtpa, which will take over three years. “It will involve some additional expenditure,” he said.
SPML bought the mine in 2008 with power equipment maker Emco for $40 million. SPML holds 55% and Emco the rest in the mine, which is spread over 5,000 hectare and has reserves of 100 mt.
The companies began mining in November 2009 and produced 20,000 tonnes a month initially.
“We now produce 70,000 tonnes per month,” said Sethi.
Though the company plans to export to the rest of Asia including India, currently it only sells locally.
The coal terminal at the mine, including the jetty, has a capacity to handle 2.5 mtpa.
For the three months ended September 30, SPML’s net sales grew 20% from a year ago to Rs313.5 crore and net profit jumped 83% to Rs12.5 crore.
SPML at the end of the quarter had an order backlog of about Rs3,700 crore, over half of which is from water contracts. The company plans to end the year with a portfolio of Rs5,000 crore.
Other than water, SPML is engaged in roads, airports and civil & industrial construction, among others. It is also developing 30 mini-hydel projects, according to its website.
To meet its capital needs, SPML plans to raise by March up to Rs175 crore through a qualified institutional placement or a private placement at the subsidiary level.
On Wednesday, SPML Infra closed at Rs215 a share, 1.69% lower over the Tuesday’s close on the BSE.
Source: DNA India
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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
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