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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, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
Tuesday, 04 January 11
BALI, INDONESIA HOST OF WORLD RENEWABLE ENERGY AND ENERGY EFFICIENCY CONFERENCE
Press Release - Indonesian Renewable Energy Society (METI – IRES) has launched the plan for organizing the international gathering ...
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- Sarangani Energy Corporation, Philippines
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- London Commodity Brokers - England
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- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
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- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
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- The University of Queensland
- Romanian Commodities Exchange
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- Eastern Energy - Thailand
- Singapore Mercantile Exchange
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- Africa Commodities Group - South Africa
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- Parliament of New Zealand
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- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
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- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
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- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
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- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
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- Cement Manufacturers Association - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
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- Thai Mozambique Logistica
- Independent Power Producers Association of India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
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- Directorate Of Revenue Intelligence - India
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- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
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- White Energy Company Limited
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- Toyota Tsusho Corporation, Japan
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- Binh Thuan Hamico - Vietnam
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- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
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