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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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Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...
Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...
Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...
Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May.
The figure surpasses the previ ...
Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
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- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
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