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Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal used in power plants in Asia’s third-biggest economy.
State-owned Coal India is offering 18 of its abandoned mines for development, Chairman Partha S. Bhattacharyya said by telephone, confirming a report in the Business Standard newspaper today. The offered mines hold combined reserves of 1.6 billion metric tons, Bhattacharyya said.
Finding partners may help the country’s monopoly miner increase production by 29 percent within three years and allow the nation to avoid costly imports. India aims to add 13,000 megawatts of new power capacity every year, President Pratibha Patil told parliament June 4. Coal fuels half of India’s power- generation capacity.
“We are amongst the companies considering,” the mines, Ian Head, a spokesman for Rio Tinto, said in an e-mail today.
London-based Rio Tinto, JSW Steel Ltd., GVK Power & Infrastructure Ltd. and Essar Mineral Resources Ltd. were short- listed, according to the Business Standard report.
“Steel producers have captive power plants and if they can get mines that can assure coal supplies, they would be interested,” said Pawan Burde, an analyst at Angel Broking Ltd. in Mumbai. “Secondary steel producers use sponge iron where they need thermal coal and they may be trying to secure coal for future expansion plans.”
Steel demand growth may almost double the pace previously estimated with the government planning to spend $8.95 billion to build networks of roads, telephones, electricity and irrigation.
Coal Shortages
Coal India aims to complete the bidding process by the year-end, Bhattacharyya said. The company invited separate bids for the mines, owned by three of its units, he said.
“Our portion of the equity will largely be the mines,” Bhattacharyya said. “The partners can have 50 percent of the coal provided they have customers in the country.”
Coal India produced 403.7 million tons in the year that ended March, according to data on the company’s Web site. The company signed a 20-year agreement on May 29 to supply the fuel to the coal-fired plants of NTPC Ltd., the country’s biggest power producer.
India’s coal shortage will be about 228 million tons by the year ending March 2012, J. Goel, chief general manager of sales and marketing at Coal India, said on Feb. 24. Demand may reach 731 million tons a year by then, government estimates show.
Source: Bloomberg (http://www.bloomberg.com/apps/news?pid=20601091&sid=acVNNnCPXmhg)
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Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
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- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
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- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
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- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- The University of Queensland
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- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
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- ICICI Bank Limited - India
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- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
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- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
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- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
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- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
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- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
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- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
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- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
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- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
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- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
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- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- MS Steel International - UAE
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- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
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- Independent Power Producers Association of India
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- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
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