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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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Tuesday, 08 February 11
PUSTAKA JAYA PALU POWER LOOKING FOR 5800 GAD COAL
COALspot.com - According to market information, PT Pustaka Jaya Palu Power, a power plant operator of the Mpanau plant, Palu, Sulawesi has invited c ...
Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
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- SMC Global Power, Philippines
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- Alfred C Toepfer International GmbH - Germany
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- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
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- The Treasury - Australian Government
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- ICICI Bank Limited - India
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- McConnell Dowell - Australia
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- Power Finance Corporation Ltd., India
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- CIMB Investment Bank - Malaysia
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- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
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- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
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- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
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- PowerSource Philippines DevCo
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- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
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- Neyveli Lignite Corporation Ltd, - India
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- Indian Oil Corporation Limited
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- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Indonesian Coal Mining Association
- Romanian Commodities Exchange
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- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
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- TeaM Sual Corporation - Philippines
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- Attock Cement Pakistan Limited
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- Baramulti Group, Indonesia
- Mjunction Services Limited - India
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- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
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- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
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- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Bhatia International Limited - India
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- MS Steel International - UAE
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- IEA Clean Coal Centre - UK
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- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
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- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
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