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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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Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvi ...
Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...
Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...
Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points.
In May 2010 the BDI touched 4,209 ...
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- Straits Asia Resources Limited - Singapore
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- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
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- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
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- Electricity Generating Authority of Thailand
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- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
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- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- The University of Queensland
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
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