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Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine once its starts production. The mine has estimated recoverable reserves of one billion tonnes.
But sources said that the date of actual production is still some time away and it is expected to kick off in 2010.
Mr HK Mittal chairman of Mercator Lines told Business Line that “We are still carrying out feasibility studies to develop the infrastructure needed. It will take us some time as it is a large asset and we a need lot of investments to produce 2.5 million tonnes every month.”
Without offering the financial details, he reiterated that the company had enough funds for the project.
Mr Mittal said that “We were into transportation and handling of coal. So we decided to get into coal mining. We have started with small mines to get the experience and will, in the future, ramp up production to 10 million tones.”
Mercator recently entered the coal mining sector by acquiring three mines in Indonesia and one in Mozambique as part of its backward integration initiative.
Source:http://steelguru.com/news/index/2009/06/12/OTgxNTM%3D/Mercator_Lines_targets_30_million_tonne_from_Mozambique_coal_mine.html
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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Australian Coal Association
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
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