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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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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless  ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Heidelberg Cement - Germany
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- Bangladesh Power Developement Board
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- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
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- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
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- Orica Mining Services - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
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- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
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- Carbofer General Trading SA - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
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- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
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- Goldman Sachs - Singapore
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- Minerals Council of Australia
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- Indonesian Coal Mining Association
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- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
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- Attock Cement Pakistan Limited
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- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Indian Energy Exchange, India
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- Baramulti Group, Indonesia
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- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
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- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
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- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
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- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
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- Madhucon Powers Ltd - India
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- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
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- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
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- Indian Oil Corporation Limited
- Central Java Power - Indonesia
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- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
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- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
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