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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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Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...
Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...
Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy
Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...
Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...
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- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
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