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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 $40 million. SPML holds 55% and Emco the rest in the mine, which is spread over 5,000 hectare and has reserves of 100 mt.
The companies began mining in November 2009 and produced 20,000 tonnes a month initially.
“We now produce 70,000 tonnes per month,” said Sethi.
Though the company plans to export to the rest of Asia including India, currently it only sells locally.
The coal terminal at the mine, including the jetty, has a capacity to handle 2.5 mtpa.
For the three months ended September 30, SPML’s net sales grew 20% from a year ago to Rs313.5 crore and net profit jumped 83% to Rs12.5 crore.
SPML at the end of the quarter had an order backlog of about Rs3,700 crore, over half of which is from water contracts. The company plans to end the year with a portfolio of Rs5,000 crore.
Other than water, SPML is engaged in roads, airports and civil & industrial construction, among others. It is also developing 30 mini-hydel projects, according to its website.
To meet its capital needs, SPML plans to raise by March up to Rs175 crore through a qualified institutional placement or a private placement at the subsidiary level.
On Wednesday, SPML Infra closed at Rs215 a share, 1.69% lower over the Tuesday’s close on the BSE.
Source: DNA India
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Wednesday, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With r ...
Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing las ...
Tuesday, 11 January 11
DRY BULK MARKET REACHES NEW LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the ...
Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s invest ...
Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
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- Parry Sugars Refinery, India
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- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
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- ICICI Bank Limited - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
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- European Bulk Services B.V. - Netherlands
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- Timah Investasi Mineral - Indoneisa
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- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
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- Indika Energy - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
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- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
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- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
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- The Treasury - Australian Government
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
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- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
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