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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 $40 million. SPML holds 55% and Emco the rest in the mine, which is spread over 5,000 hectare and has reserves of 100 mt.
The companies began mining in November 2009 and produced 20,000 tonnes a month initially.
“We now produce 70,000 tonnes per month,” said Sethi.
Though the company plans to export to the rest of Asia including India, currently it only sells locally.
The coal terminal at the mine, including the jetty, has a capacity to handle 2.5 mtpa.
For the three months ended September 30, SPML’s net sales grew 20% from a year ago to Rs313.5 crore and net profit jumped 83% to Rs12.5 crore.
SPML at the end of the quarter had an order backlog of about Rs3,700 crore, over half of which is from water contracts. The company plans to end the year with a portfolio of Rs5,000 crore.
Other than water, SPML is engaged in roads, airports and civil & industrial construction, among others. It is also developing 30 mini-hydel projects, according to its website.
To meet its capital needs, SPML plans to raise by March up to Rs175 crore through a qualified institutional placement or a private placement at the subsidiary level.
On Wednesday, SPML Infra closed at Rs215 a share, 1.69% lower over the Tuesday’s close on the BSE.
Source: DNA India
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Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
Monday, 07 February 11
RBCT SHIPPED 28.67 PERCENT LESS COAL IN JANUARY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world, shipped 4,389,925 MT of coal in January 20 ...
Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected.
The BDI saw a bigger drop compared to ...
Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY
COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for transportation and sale of coal, which was the ...
Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan h ...
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- Salva Resources Pvt Ltd - India
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- Africa Commodities Group - South Africa
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- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
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- AsiaOL BioFuels Corp., Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Singapore Mercantile Exchange
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- Thai Mozambique Logistica
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- Electricity Authority, New Zealand
- Parliament of New Zealand
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- Economic Council, Georgia
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- Commonwealth Bank - Australia
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- Energy Development Corp, Philippines
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- Central Electricity Authority - India
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- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
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- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
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- Bhushan Steel Limited - India
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- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
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- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
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- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
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- Siam City Cement - Thailand
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- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
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- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
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- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
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- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Toyota Tsusho Corporation, Japan
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- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
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